update.
Original Post : https://www.investingnote.com/posts/1220353
Aturmaju Resources Berhad is a clear buy recommendation. Especially short-term traders should be able to realize quick profits. But for the longer-term oriented, the current market situation is favorable.
The price is in an intact and solid upward trend. The gap close is additionally supported by a Fibonacci reatracement and the cross of several EMAs is another clear buy signal.
It's definitely not too late. The situation is very favourable at the moment. The first target at 0.600 is only one target. I would recommend to divide the position by three.
For example you buy 3000 pieces for 0.46. 1000 you sell at 0.600 (0.14 per piece profit); 1000 you sell at 0.750 (0.29 per piece profit) and the last third can be held if the prices continue to rise. So you quickly secure a small profit and still have the chance to make a big profit. The chance risk ratio is better with this method.
yeap u r right, q4 result apparently will be good based on facts, like YESS edi sign contract with aturmaju of 20million recurring year plan. see see here
https://www.thestar.com.my/business/business-news/2019/01/17/aturmaju-unit-to-provide-rm20mil-system-solutions/
https://www.thestar.com.my/business/business-news/2019/01/24/aturmaju-secures-rm20mil-per-year-contract/
KUALA LUMPUR: Shares of ARB Bhd rose more than 1% in early trade after a technical buy by PublicInvest Research.
ARB, formerly known as Aturmaju Resources Bhd, rose 1.03%, or 0.5 sen to 49 sen with 5.8 million shares done. ARBB-PA gained 2.38%, or 0.5 sen to 20.5 sen.
PublicInvest said ARBB was staging a potential recovery from its congestion phase well supported by its short term EMA.
It said its RSI was trending upward while its weekly MACD formed a golden crossover a week earlier.
“Hence, both momentum and trend are anticipated to be improved in near term.
“Should resistance level of 53 sen be broken, it may continue to lift price higher to subsequent resistance level of 57 sen,” PublicInvest said.
“However, failure to hold on to support level of 47 sen may indicate weakness in the share price and hence, a cut-loss signal,” it added
It said the stop loss level was at 51.5 sen.
https://www.thestar.com.my/business/business-news/2019/05/13/quick-take-arb-rises-1pc-on-technical-buy/
mou with RM83.5m guys hehe
$ARBB(7181.MY) $ARBB-PA(7181PA.MY) ARBB and East Insurance shall collaborate in developing and implementing the ERP system in the insurance operation platform for East Insurance in Cambodia.
The project value is not less than USD20 million (approximately RM83.5 million based on USD1.00 : RM4.17 extracted from bank negara Malaysia on 17 June 2019).
http://www.bursamalaysia.com/market/listed-companies/company-announcements/6193745