E&O UPDATES

Sector: properties
Bursa Malaysia stock code 3417

Previously, this stock is covered here waiting for validity of head and shoulder pattern. No confirmation and the downtrend is expected to rebound in RM0.95-RM0.85 price zone.  Read it here E&O

Now, it did rebound within the zone at about RM0.9o ct.  Last few days price bar action and the volume are great. I will say it, a buy for several weeks of holding time objective.
Taking wave counting, I think can hold much longer for bigger profits.

Minor support zone RM0.90. Main support/pivot zone  RM0.85. Mark these zone. Cut loss level normally set slightly below these level.

http://biz.thestar.com.my/E&O

Below: E&O daily chart (click to enlarge):

Sector: properties
Bursa Malaysia stock code 3417

Previously, this stock is covered here waiting for validity of head and shoulder pattern. No confirmation and the downtrend is expected to rebound in RM0.95-RM0.85 price zone.  Read it here E&O

Now, it did rebound within the zone at about RM0.9o ct.  Last few days price bar action and the volume are great. I will say it, a buy for several weeks of holding time objective.
Taking wave counting, I think can hold much longer for bigger profits.

Minor support zone RM0.90. Main support/pivot zone  RM0.85. Mark these zone. Cut loss level normally set slightly below these level.

http://biz.thestar.com.my/E&O

Below: E&O daily chart (click to enlarge):

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