This is a very good news. It shows that the company has turned around and institution investor like Lembaga Tabung Haji also noticed it and become a substantial shareholder (more than 5% already).
Looking at the huge volume last Friday, looks like PDTs (Proprietary Day Traders) were in action, I think better sell my holdings first on Tuesday and pocket my handsome profits.
Ascending triangle is building...if can break away from 0.28-0.29, will move all the way up...if dont, will go back down...but from technical chart, the ascending triangle is quite beautiful
0.32 can be acheive within short term testing bset before. This time, Hovid is well placed to gain after "patent cliff" and its oversea markets for products and expertise....
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....
setia2u
971 posts
Posted by setia2u > 2013-09-06 14:37 | Report Abuse
This is a very good news. It shows that the company has turned around and institution investor like Lembaga Tabung Haji also noticed it and become a substantial shareholder (more than 5% already).