Friday, June 27, 2014

DSONIC(5216)----ON UPTREND ??


The stock is turning bullish now after consolidating from the high of 2.44.

The uptrend is represented by the line XY.

The lows are getting higher....A,B,C,D...

The strong support is at 1.90 follow by 1.70

The uptrend is on the impulsive wave5...with a target price at 2.87.

There will be dips before reaching it.

( The above is just my2c opinion...trade at your own risks)

Saturday, June 7, 2014

SONA(5241) ---Update.


The long term uptrend is still intact....represented by trend line XY.

The line Z1/Z2 is the accelerated uptrend before the unneccessary sell down.

The insitutions/funds support is at 100 ema and 200 ema.

The 2 days sell down was well done by the *big boys*...selling from left hand to right hand to create the

*FEAR*.This has a domino effect and the *herd's instinct* was triggered.All are rushing to the EXIT.

The support is now pegged at 0.515 and the next strong support is at 0.495.

I am expecting prices to move back up next week.

(The above is just my2c opinion....Trade at your own risks )


KTB(4847) ---Update.(Still bullish).


The uptrend is very much intact...represented by XY.

The lows are getting higher...A & B.

A bullish flag is formed...a bullish continuation pattern.

The strong support is at S1 0.245 follow by the next support at S2 0.215.

Resistance is at 0.30...this will be broken in due course.

Still looking at TP 0.495 for this impulsive wave 3...there will be dips before reaching it.

( The above is just my2c opinion....Trade at your own risks....)

Monday, June 2, 2014

FARMBES (9776) ---Update.



Due to poor market sentiments the stock drifts down to the lower channel line before rebounding strongly.

The underline uptrend is very much intact.

And with the following GOOD NEWS...it should continues its uptrend with vigour...

THE NEWS.

SHH (Malaysia) Holdings Sdn Bhd has proposed a reverse takeover deal worth RM380 million to Farm’s Best Bhd, according to the Edge Financial Daily citing unnamed sources.
Under the proposed reverse takeover deal, SHH (Malaysia) Holdings, which operates a poultry business in Shandong, China, will form a new company to undertake the corporate exercise to inject its poultry business into Farm’s Best Bhd for RM380 million. In return, the new company will be issued 760 million new shares at 50 sen each.
At the end of the exercise, Farm’s Best Bhd will delist and the new company will resume its listing status, with the poultry business consolidating with the new company.
A source was also quoted as saying that “SHH China’s revenue and profit are almost five times the size of Farm’s Best”.
SHH Malaysia Holdings Sdn Bhd was incorporated in November 2013, and is owned by three Chinese nationals, Zhu Zong Ying, Zheng Wendi, and Xu Mao Lei, with stakes of 75%, 22%, and 3% respectively.
Also noted was that SHH Malaysia Holdings Sdn Bhd holds 100% equity interest in SHH Holdings Pte Ltd based in Singapore, which in turn holds a 100% stake in Shandong Hua Hui Food Ltd in China, which breeds parent chickens, incubates broilers, breeds meat chickens for in-house usage, and processes poultry chicken meat as its primary business activities.
On the 20th of January 2014, Farm’s Best Bhd had entered a Heads of Agreement with Zhu and Zheng, which would reduce the listed company’s par value to 50 sen from RM1, which will in turn reduce its share capital to RM30.54 million from its current RM61.08 million. However, this will merge the “technical, management, marketing and development resources to derive economies of scale” in their operations, as well as allowing Farm’s Best Bhd to “expand its customer base and have access to a greater People’s Republic of China market” through the SHH group.
Also noted was that the merger would propel Farm’s Best Bhd “into a global poultry player”, and will fully utilise Farm’s Best Bhd’s existing poultry processing plant which is currently under-utilised to export processed and further processed chicken products.
The listed company had recorded lower revenue and profit for its recently-ended first quarter for 2014, with revenue falling to RM114.45 million from 1Q13’s RM116.41 million, and profit fell to RM336 000 from 1Q13’s RM407 000.
Farm’s Best Bhd’s shares are currently valued at 63.5 sen, up 1.5 sen

SONA (5241) ---Bullish now??


The strong support for this stock is at...0.53

The resistance at 0.62 will be broken soon...

TP is at...0.83/1.01.

It is now in the impulsive wave 3...very bullish.

( the above is just my2c opinion...trade at your own risks)

P/S...all my subscribers (Elite Club) got in earlier at around 0.585...for a nice profitable trade.