ACQUISITION BY SEDANIA INNOVATOR BERHAD ("SIB") OF THE ENTIRE EQUITY INTEREST IN SEDANIA AS SALAM SDN BHD FROM SEDANIA CORPORATION SDN BHD, FOR A PURCHASE CONSIDERATION OF RM12.00 MILLION TO BE SATISFIED BY A COMBINATION OF CASH AMOUNTING TO RM4.00 MILLION AND ALLOTMENT AND ISSUANCE OF 25,806,452 NEW ORDINARY SHARES IN SIB ("SIB SHARES") AT AN ISSUE PRICE OF RM0.31 PER SIB SHARE
Immediate resistant at 0.33. It is attempting to scale above 0.33 to stay above the Ichimoku cloud, to confirm its uptrend.
At 0.330, all other indicators are positive: - MACD ticked up and almost crossing the zero line - above SMA 50 days - RSI & SSTO above 50 - CCI hits +250
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....
Newbie01
69 posts
Posted by Newbie01 > 2017-07-04 17:09 | Report Abuse
Stagnant there.....zzzZZZZ. ...