Technical Analysis Oct 2013: PTARAS (9598)

PINTARAS JAYA BHD (9598)

Observation from Chart

PTARAS (9598) succeed breakout bolinger band squeeze?

How high will it go?

Other indicator:-
1. MACD trade at positive region, uptrend sign.
2. Stochastic %K on BUY call.

 

Immediate resistance @ RM6.46 level.

 

If retrace down,

Immediate support @ MA20 level.

Subsequent support @ MA50 level.

 

Do watch out upcoming 15% dividend, which will ex-date on 11 Dec 2013

Plus, Bonus issue of 80,064,000 new ordinary shares of RM1.00 each in Pintaras JayaBerhad (Pintaras Share(s)) (Bonus Share(s)) on the basis of one (1) Bonus Sharefor every one (1) existing Pintaras Share held (Bonus Issue) which will ex-date on 12 Dec 2013

 

Source: http://www.bursamalaysia.com/market/listed-companies/company-announcements/1437417

 

Let's watch closely.