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Etika
Nov 9, 2015 6:55:23 GMT 7
odie likes this
Post by zuolun on Nov 9, 2015 6:55:23 GMT 7
bro zuolun, i believe Envictus is a good company but it shows that its internal control needs to improve also, it shows Singapore companies need to guard against fraud by staff hopefully, news of investigation results can be released soon Not vested in all 3 Yamada linked companies odie, SGX's casino stocks are best for entertainment — just for laughs. Based on the Catalist Index, expect more downside; trade more often on the 30 STI components stocks now, instead of focusing on the penny/micro penny stocks. Envictus (formerly known as Etika) was a good company. Chartwise, Envictus is biased to the downside; baseline support @ S$0.015 (see Envictus's weekly chart). Based on Envictus's daily chart, should the bearish gartley materialise, expect a dead cat bounce, else a break below the last low of S$0.075 would be a continuation of its longterm downtrend. (Envictus's chart pattern is similar to Innopac which closed unchanged @ S$0.004 with 6.515m shares done on 6 Nov 2015.) The acquisition of Yamada Green could be a catalyst for Envictus's share price to collapse like GYP — its share price plunged much further down, after the acquisition of Yamada Green on 28 Jun 2014. Envictus ~ Bearish Gartley formationEnvictus closed with a spinning top @ S$0.105 (+0.001, +1%) with thin volume done at 300,000 shares on 6 Nov 2015. Immediate support @ S$0.103, immediate resistance @ S$0.109. Envictus (weeky) ~ Diamond Top Breakout, baseline support @ S$0.015oldman, Buy on expectation, sell on news. Etika's gameplay is already at its tail-end, i.e. not much meat left. The risk-reward is no good to buy for long-term investment @ S$0.46 now. Chart-wise, at best to hit a double top @ S$0.54, at worst the gigantic diamond will roll down hard from the cliff... Etika (weekly) — Diamond Top Formation
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