TA is ready to test the old high ! You shud be your own judge if you want to buy at this level.
I want to see some test first ????
Tuesday, July 28, 2009
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As I sit in front of the market screen, I gazed and wondered what will happen next. Here are my thoughts and ideas for the Bursa Malaysia Stock Market.
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2 comments:
On Mangotone Group Berhad Shares:
Lately I have some interest in this Mangotone shares. With the disposal of leasehold land and trimming of the loans, the expected earnings per share for 2009 should look good. What do you think?
Furthermore, the disposal of leasehold land generates a profit of about RM1.255 million translates to a RM0.0028 per share and assuming the company profit for the year 2009 maintain at RM3.067 (RM0.007) with a PE ratio of 7.21, the market price of the share should be around 7 sen. My above assumption has not included the loan interest savings from loan repayment.
Kong Ming,
If there's a chart for Mangotone/TA then I can read it.
Is Mangotone part of TA ?
I am technician and I gave up on fundamental long time ago though I am a fundamental in heart.
Rgds,
-martin-
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