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this counter seems like forever stuck in a range between 56c to 64c.
what is white candles?
It seems forming round bottom & 1st resistance at 64 cents and 68.5 cents in extension.
not really . you theories prove other wise minzhong rise today. Minzhong will rise again tmr. Simple words but true.Why? 3 White Candles ... evidence
This counter is quite difficult to move up as selling pressure is great. For the last five days, sold to buyers were 20,091 lots & bought from sellers were 15,968 lots. No sign of bull is in control. Have to wait long.... long.
HAHA CMZ GD CLOSING FOR TODAY ,TMR WILL TEST 0.615,MY VIEW ONLY ...........
xing78 ( Date: 02-Jul-2012 07:47) Posted:
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bro, i hope so coz i still have 100lots stuck in this counter. good luck :p
JustinQuek ( Date: 01-Jul-2012 23:35) Posted:
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Nothing is confirmed sure...but high chance if managed to break resist.
This one Tmr Sure Jump up big big.
If the rebound is strong , go up to cover the gap at 68.5 cents is possible .
Bintang ( Date: 13-Jun-2012 18:51) Posted:
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This counter has been 13 days continuously supported by 20 SMA. Perhaps price will move up soon. Jusr my 2 cents.
Share price can't move probably due to the substantial shareholders disposed off their interest. They don't need to announce because their holding is less than 5%.
wah Piang Move !
Todays News and why Min Zhong is in a favourable position
http://www.bloomberg.com/news/2012-06-27/monsoon-worst-since-2009-threatening-sugar-rice-crops.html
Minzhong Food Supplier ......Other place bad moonsoon Means food prices higher.MORE $$$$$$$$$$ for MinZhong
BUY BUY BUY .NEXT FINANCIAL RESULT will go up.
My opinion only.Everything still a risk.
Agriculture business.Good Investment Money will keep growing as long as there is land.Dont know food prices getting more expensive?
BUY BUY BUY FOR LONG TERM GOOD PROSPECTS GOOD FARMLAND GOOD EARNINGS.
this stock has been getting lower and lower.
It seems a good sign that this counter has continues strong support by 20 SMA. Share price can't move due to market sentiment. Too bad.
In generality this stupid counter is not so popular hence not much people interested to buy. Have to wait for result announcement in end August 12.
the reason is low volume .one volume increase this one will move up ,first target 0.615c after that will reach 0.64c ,my view only heehee.
angmohlin ( Date: 22-Jun-2012 20:22) Posted:
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On 18 June 12, JP Morgan has set CMZ's target price at $0.70 while on 11 June Maybank KE has set CMZ's target price at $1.16. However, CMZ is not moving up and really quite disappointed.