ZELAN has been trading above its upward sloping 20-Day Moving Average which is a good sign. In addition, the price just broke the resistance of 0.235 reinforcing the bullishness in the recent price movement. This breakout was accompanied by a higher than average traded volume which shows the enthusiasm of the traders to push the price higher and past this resistance hence giving a higher probability of a successful breakout.
ZELAN has been trading above its upward sloping 20-Day Moving Average which is a good sign. Furthermore, the next resistance level is quite far at 0.24.
fellow newbies... play safer counter so the chances of you get heavily burn is less and doesn't spoil your perception towards stock market..... Start of will bluechips... get the groove then try others...
baru baru wanna play penny stock....not saying its wrong and that Zelan is a wrong stock to buy...but just thread carefully...Its the matter of how you can cope of being burnt especially when you buy in high volume. I traded Zelan before... wrong timing... thanks to General Erection 2013.. LOL
remember your aim in trading..... is to grow your wealth....not gamble it away.... you want good Penny stock
Scomies and subsidiaries (SCOMI) - Quek Leng Chan recently entered
IRIS Corp & WB - government projects+other new projects and moving to main board soon Star paper February 5th and 7th got article Biz pullout
SONA & Warrant - recent spike due to some news about buying more stuffs... last saturday's Star Bizweek..or was it the week before ada article
Read on your own...trust your own guts, don't be greedy.... don't ever listen to the forumers here...for all you know they wayang you make you buy while their letting go....Take what you read here like a reference.... don't get carried away...
Trade safely, trade at your own risk.... you're responsible to your own-self Cheers! =P
dont worry this counter will rise again>let them clear all profit taking and short term player>this counter start rise around 0.19-0.20 that mean who dont have power to hold will clear their position> i m still hold and will collect back by next week >when the price will stable back>dont chase the price >let them stable and buy>buy on weak sell on strength
hi..heng...this co just like thheavy...it has strong direction to be recover now after cleared the debt by selling it's ijm investment & rights issues....syedmoktar link comp. with strong local network..the previous bad hit was due to middle east project...now this company concentrate in local & SEA with huge project onhand...i buy the future of this company...i still continue buy in lately...
ZELAN has been trading above its upward sloping 20-Day Moving Average which is a good sign. However, we have to be careful as the recent price action broke the support level of 0.225. If a bearish breakout is accompanied by high volume, this indicates the unwillingness of a large pool of traders to hold on to the stock as selling pressure mounts at the support level. This bearish breakout of ZELAN was accompanied by a lower than average volume which may give a glimmer of hope, however one has to be monitor carefully the price action in the coming sessions.
Before end of April, this counter will be positive in your pocket. Today price is 0.210.... Why it will go up? Please do some homework n check by yourself.
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....
asriruslan
2,081 posts
Posted by asriruslan > 2014-02-18 09:04 | Report Abuse
zelan buy