WATCHLIST: 21 DEC 2017
1. M3TECH...today(Wed) saw 26 mil shares traded. out of which 22 mil was done at 0.145 or 90% of the days volume ...which indicates heavy collection at that level.
Resistance is at 0.16 & 0.175 ...if broken ...we can see 0.20 soon..
Activity in this counter has resumed since last couple of days after a period of consolidation from its intraday high of 0.175 recently.
It looks set to retest these resistances.
2. CAELY....my intraday call today has actually surprised me....when the counter rallied in the final minutes to closing.
It closed at the day's high of 0.83 for a solid 0.10 or 13.70% gain on the back of market rumors of a takeover bid by a new party at a much higher price.
CAELY....is one of the smallest companies on Bursa in terms of number of shares issued with only 66 mil shares issued and the shares are tightly held eith not much public float....so easy for msrket players to push the price higher.
My personal TP 1.30 (1 mth)
3. GPACKET. ...has shown an impressive run-up of late...climbing from a low of 0.22 earlier this year to its recent high of 0.535 on Monday.
It closed today at 0.51.
With the almost uninterupted prowess, i believe 1.00 should be a reasonable TP.
Monitor closely for opportunities
The above opinion & observation is not a 'BUY CALL' but merely for sharing purposes. TRADE AT YOUR OWN RISK
http://klse.i3investor.com/blogs/Bursa_Master/142058.jsp
