Big players go all out strong today. Strong break out price 7 lvl high and holding strong during closing time at 0.79. Transaction today total at Rm 5.7 million, AVG price 0.78. ! As i said bfr, party starts once break 0.78 - 0.80 before next upward movement. Next coming weeks will be crucial to see the direction of the big players whether they can push and break above 0.80 resistance lvl which I think is highly possible. Good luck and don't forget to take some profit. :D
Beside the potential Genting Malaysia theme park upgrade projects, there also some news about potential Johor Danga Bay/Iskandar area might set up Berjaya Hotel casino resort and more big entertainment theme parks to fight business with neighbour Singapore. http://www.reuters.com/article/2013/12/14/malaysia-press-idUSL3N0JT03420131214. More potential future biz prospect for Fitters.
Chart price movement seems going to retest the previous high 0.81 - 0.83 high in May 2013, if able to sustain and support at that price lvl, next will challenge 0.84 - 0.855. If unable to break 0.80, price will back at support lvl around 0.74 - 0.76 and lower will be 0.73 - 0.70.
Viper, what's has berjaya got to do with fitters? Berjaya news cannot use lah .. Corporate announcements and shoot up price and when the day comes ... Say t cannot meet this that and the other ... Con people
Read and understd properly...i didnt say its confirm news. u can try do research n see if iskandar development gets bigger + Berjaya coming in big to make it compete with sg...wats the potential biz opportunity for fitters? Wats the newsplay hot currently tat makes stock market moves up strongly? The big players entered big last Fri...something is on the way.
Okla.. give u some tips. Riding on Malaysia tourism push. As part of the key strategic move to develop Iskandar Malaysia in Johor into a prime tourism area, several theme parks are under construction and it is encouraging that Fitters has dominated the scene. For instance, it has secured RM33m KidZania Malaysia project in Mar11 from Khazanah Nasional’s Themed Attractions & Resorts Sdn Bhd (TAR). It has RM18m outstanding job for TAR’s Family Entertainment Centre in Puteri Harbour. TAR plans to further invest RM267m to build and operate 2 new theme parks – Ocean Quest Marine Park and Ocean Splash Water Park – in Desaru, Johor which will be opened by 2014. We believe that Fitters’ strong track record will give it the edge to bid for the specialist theming works. Meanwhile, Fitters is currently doing the Legoland Malaysia’s castle façade in Medini, in tandem with its grand opening by 4Q12. Boosting its resume is the completion of Universal Studio’s theming works in Singapore as well as several Resorts World Singapore projects. Shanghai Disneyland next catalyst.
Another major theming project in the pipeline is the Shanghai Disneyland project which is estimated to be more than RM100m. Fitters has confirmed that it is in talks to secure the contract and Z’odd Design is one of the approved vendors for Walt Disney as well as Universal Studio.
Not much liquidity and very tightly controlled. The trading range is between rm0.75 and rm0.80 and most of the time cannot hold. Will not place my bet on this counter.
Supporting price at 0.78 since the big players entered after Christmas. T+3/4 still holding well close to 0.78 even today New year eve. Price movement expect to be strong after new year in Jan when the big players back after New Year holiday :D
Just some profit taking and small contra player exited. Big players spent abt Rm7 million to push up shares before and after Xmas avg abt 0.78. They are targeting to break the 0.78 - 0.80 lvl and set support above 0.80+ ... hope it will comes soon. :D
Support strong currently at 0.80, high buying vol at 0.80 & 0.805 today, resistance should be around 0.81 - 0.83 - 0.85 based on previous high. Since party already start coz broke strong resistance at 0.80... Fitters stock have higher potential to move up further :D
My newbie view, this week might another round up.. resistance might at 0.85/0.86 This counter not for contra.. good for mid term.. any sifu kind enough to comment??
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....
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Posted by user > 2013-12-27 15:01 | Report Abuse
Dont simply sell, if u simply sell, nanti lu jadi Ki Xiao.......