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2009-02-03

MMCCORP Is Ready To Move Up
























MMCCORP (2194)
Company Information

MMC is involved in the following businesses:
- Transport & logistics
- Energy & utilities
- Engineering & construction

In the Oil & Gas sector, MMC is involved in gas engineering consultancy to the oil & gas and petrochemical industries in Malaysia and the region with engineering design expertise in key engineering areas such as offshore oil & gas production and processing facilities, on-shore receiving facilities & loading terminals, refineries & petrochemical plants.

However base on the chart, the share price is in the way to bounds up to RM 1.60 I think by end of FEB.

2 comments:

Elvis2020 February 3, 2009 at 11:07 PM  

Durian, isnt the indicators a bit overbought? Sori but just my guess.

East Point Trading February 4, 2009 at 8:51 AM  

Hai Elvis2020

Base on the chart the indicators is showing some one is buying up the share, It may be a share buy back.

However, for short term profit taking this share may have.

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My investment with RM5,000 initial capital have been growing since 2005.I found the stock market appears confusing and complicated, but it is most definitely based on logic "supply and demand". However, the laws of supply and demand as observed in the markets do not behave as one would expect. To be an effective trader, there is a great need to understand how supply and demand can be interpreted under different market conditions and how to take advantage of this Off Market Transactions in KLSE.

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