On the current date Tadmax resources Position is Long - Moderate Buy based on Medium Term analysis and is Long - Buy based on Long Term. Asset "Volatility Risk" is Medium - High and "Liquidity Risk" is High. In the Medium Term, Begin of a positive phase after a reversal. A short term upward move is expected.
PROPOSED DISPOSAL OF THE ENTIRE ISSUED AND PAID-UP SHARE CAPITAL OF TADMAX POWER SDN BHD ("TPSB") TO IVORY MERGE SDN BHD ("PURCHASER") FOR DISPOSAL CONSIDERATION OF RM317,334,600 ("PROPOSED DISPOSAL")
Tadmax Resources (WIJ MK) Technical BUY with +25.0% potential return Last price : RM0.520 Target Price : RM0.565, RM0.650 Support : RM0.485 Stop-loss: RM0.480 BUY with a target price of RM0.650 with stop loss below RM0.480. WIJ’s share price has been consolidating in the range of RM0.485- 0.515 in the past 16 days following what can be perceived as a major correction from the high of RM0.650. However, last Friday’s strong gain on a higher trading volume of 5.2m shares (vs 20-day average of 1.4m) suggests a genuine breakout as WIJ also closed above both the 10-day and 21-day SMA lines, signalling further upward movement hereafter. Given the surging momentum as shown by the bullish crossover in both MACD and Stochastic, we are optimistic that the share price could end the major correction by reversing the trend and as the share price looks set to travel upwards. A positive closing above the 61.8% Fibonacci retracement level should spur further buying interest and could retest the previous high of RM0.650 afterward.
PROPOSED DISPOSAL OF THE ENTIRE ISSUED AND PAID-UP SHARE CAPITAL OF TADMAX POWER SDN BHD TO IVORY MERGE SDN BHD FOR A DISPOSAL CONSIDERATION OF RM317,334,600 TO BE SATISFIED ENTIRELY IN CASH
PART B
PROPOSED APPOINTMENT OF A DIRECTOR WHO IS OVER THE AGE OF 70 YEARS
hmmmmmmm, the graph shows flat like the Table Mountain, when is there going to be some fireworks after uch a long duration from all the news about disposing of land in PKFZ
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....
SANG-JERO
3,980 posts
Posted by SANG-JERO > 2014-04-12 15:48 | Report Abuse
Hopefully there will be some positive signal within 1-2 weeks......