Zelan was testing the MYR0.32 resistance level on its latest trade. The bullish bias may increase further if this level can be breached in the near term. If successful, the target price is set at MYR0.355 followed by MYR0.38. In the meantime, the stock may take a breather if it cannot surpass the MYR0.32 resistance level. Support is anticipated at MYR0.29, where traders can exit upon a breach.
Among Zelan’s most recently completed work is RM179.3mil worth of jobs involving berth and back of wharf construction at Pelabuhan Tanjung Pelepas in Johor, a port controlled by MMC. It is currently working on a RM391.6mil job involving the construction of the Centre for Foundation Studies (Phase 3) at the International Islamic University Malaysia in Gambang, Pahang which should be completed by January 2016 on top of two subcontract packages at Tanjung Bin’s coal fired power plant in Johor. The other two projects that the company should soon start work on are the Gombak Integrated Transport Terminal, Selangor and the construction of the Integrated Immigration, Custom, Quarantine and Security Complex in Kedah.
skyea, yes after the terrible ordeal from initially sumatec and then to zelan and now stuck with krono. In short, I made a blunder out of my investment.
but I think you need to review your decision making process. otherwise you keep making mistakes. remember, sometimes not doing anything can also be a good decision.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
bombastic
173 posts
Posted by bombastic > 2015-01-22 11:08 | Report Abuse
perhaps those r retailers who get trapped last time?