Eden Inc. inched higher and may soon test the RM0.235 resistance level. With a rising RSI, a bullish bias may be present above this mark with a short-term target price of RM0.26 and RM0.28. Meanwhile, it may continue moving sideways if it fails to cross the RM0.235 mark in the near term.
Trading Call: Buy upon breakout above RM0.235
Target: RM0.26, RM0.28 (time frame: 3-6 weeks) AmInvest research 28 Jan 2020
The Eden Kuantan land for ECRL land acquisition! Final TP price at minimum RM0.50 per share. Author: 张晋荣 | Publish date: Tue, 21 Jan 2020, 8:34 AM
Dear Eden Investor,
The land is extracted from PKNP.It is labelled as ZIL which is registered under Eden Inc. Bhd name. There are total 3 pieces of land as of the title number of Lot 8906,8907 and 8911.
If based on the ECRL land acquisition, it shall acquired at least min 200 acres for depot and maintenance center. Assuming 200 acres land acquired by MRL for ECRL depot at min RM18 per sqft, Eden will received about Rm150mil.. it will unlock the Eden NTA value and cash per shares stood at RM at least 0.375 per share.
Something is cooking in this stock definitely. MACD pointing down and yet price sustainable. Support is at 0.210 seemed very strong. If it's broken then might re-visit 0.190. I think they're just waiting for the right time to push the stock upwards. Awaiting for BO for the flag formation.
The land won’t fly away. ECRL is one of the important project or image for Malaysia! Eden will be one of the big beneficiary from the land acquisition of ECRL. Good luck guys!
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....
kasrim
2,493 posts
Posted by kasrim > 2020-01-29 11:35 | Report Abuse
uptrend confirm.. will breakout soon.. firts tp 0.30