mr lambeth, we have no mailing group, or not yet... but would be nice to have a 'stock watch' group... I can recommend a place where a lot of shouting happens:)
1) register a new email add 2) post that newly register email add here - remember the pw 3) give your genuine email from the newly register email add 4) after that, just abandon the newly register email
As predicted E&O broke out from $2.03 today, it hit high of $2.10 before settling at $2.08. Chartwise E&O is very bullish if can clear its immediate resistance of $2.10 it is expected to test $2.16/$2.20 and Target of $2.30. What it needs is more volume and RSI to cross 70 to continue the uptrend. Meanwhile any consolidation towards $2.03 is a good time to accumulate or for trader like me may add if break $2.10 convincingly. Immediate Support is adjusted upward to $2.03.
this rumors has been around since 2011, it was because Sime Darby bought quite a big amount of E&O shares >30% .. almost trigger GO but SC announced NO GO ... i remember that time.. share price .. from 1.25 shoot to 1.80
E&O faces problem to clear its immediate resistance of $2.10 today.The counter is expected to test $2.16/$2.20 and Target of $2.30 if break $2.10. Sadly today RSI failed to cross 70 and volume reduce significantly. I sold about 30% of my holding today at $2.09 to lock in some profits. Immediate Support is adjusted to $2.03. Uptrend is very much intact eventhough it re-tested its breakout of $2.03 area today.
Similar announcement were made prior to Q1's result. We are have about a month time (closed period) before the release of Q2 results in August. Sime has been buying the share in the month of July. If the financial result no good, i doubt Sime will do so. Time to accumulate!
E&O is trading between $2.03 to $2.10. The consolidation is expected since it could not break its immediate resitance of $2.10. Chartwise Uptrend is still very much intact.
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....
FattyDragon
294 posts
Posted by FattyDragon > 2013-07-22 23:49 | Report Abuse
Spider sense cannot pick up email address....lol