Recognia has detected a "Hammer" chart pattern formed on TA Enterprise Bhd (4898:MYX). This bullish signal indicates that the stock price may rise from the close of 0.680.
Tells Me: The price may have reached the bottom of the recent downtrend, having recovered high up from a sharp decline for the session. The Hammer appears during a downtrend, displaying a long lower shadow with a small real body at the top of the range. The price may be developing a bottom and due for a reversal to the upside.
This bullish pattern can be seen on the following chart and was detected by Recognia proprietary pattern recognition technology.
Hm.. the company working well.. profit and revenue increase, just the share price din't reflect its value.. nothing wrong with the management .. no point you throw them telur busuk.. : )
Management have to do something like give dividend of (20-40% of earning) per quarter ma, like that can boost up the share price ma. Aiyo! TA banyak teruk lah.
KLSE drop from 12 Sept , 14 rebound bit , then start fall from 15 Sept until now. TA share price hit 0.69 on 12 Sept.. floating between 0.66- 0.69 until 24 Sept , start fall from 25 Sept ( 10 days after KLSE fall ) until now. Believe once KLSE stop falling, it's the time to rebounce. Company foundation still there ( High earning , low PE ) , but it's still affect by big enviroment.
I believe KLSE will become better this month, keep and wait the chance to rebounce. : ) Happy Investing.
KLSE now in uptrend..rebounce and break 1760 already.. TA share price always follow.. Share price are completely undervalue. PE now 2.88.. with ROE 15 Patience and wait for it to fly. : )
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....
villa1668
1,236 posts
Posted by villa1668 > 2017-09-18 18:14 | Report Abuse
Believe a lot of investment bank eyeing TA securities.