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Trading company Intraco has tied up with crane company Tat Hong Holdings and a Myanmar businessman in a joint venture in Singapore that will provide rental of cranes and the distribution of cranes and excavators in Myanmar. Intraco entered into a non-binding heads of agreement with Tat Hong and Mr Aung Moe Kyaw on Thursday to establish the company. The venture will have an initial paid-up capital of US$3 million. Intraco and Tat Hong will each own a 40-per cent stake, with Mr Aung holding the remaining 20 per cent. The JV will hold the licence with various principals to carry out the distribution of cranes and excavators in Myanmar, and will also incoporate a wholly-owned subsidiary in the country to provide crane rental services. (Closing price: S$0.525, -%)
All play but no work by Titans of the stock markets. Who are the duller sufferers? The dwarfs of the stock market, the ordinary players of course!
After Intraco had made a new high at 70 cents in Jun2012 , it went into forming an inverted head and shoulder pattern . It came down after hitting 70 cents with a shooting star , it reached a low at 51.5 cents which formed the head of the H& S pattern . It went up from here n touched its neckline on 08/08/2012 . at 68 cents . After testing 69 cents for a few days , it came down today to form its right sholder at 62.5 cents . Intraco is now in its upward continuation pattern , if it could break the H& S pattern with big volume , then the next TP would be higher .
Bintang ( Date: 15-Aug-2012 18:23) Posted:
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70 cents remains as a strong resistance .
ozone2002 ( Date: 29-Aug-2012 14:31) Posted:
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Mr Oei Hong Leong has called off talks to buy a substantial
stake in Intraco after he failed to secure promises of support
from the major shareholders of seller Hanwell Holdings,
according to BT. This will deprive Intraco shareholders of a
potential 70 cent-per-share general offer from Mr Oei, who
has said that he would offer to take the company private if
he could acquire the Hanwell bloc.
The strong resistance at 66 cts is not easy to clear , but if the volume to increase in these few days , it would beat this obstacle n go up to next stop at 70 cts .
Bintang ( Date: 08-Aug-2012 10:54) Posted:
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Now Intraco support is at 63 cents n resistance is at 66 cents .
Bintang ( Date: 31-Jul-2012 18:43) Posted:
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Intraco today went up to fill the falling gap at 61 cents with healthy volume . Its resistance now is at 66 cents .
Bintang ( Date: 28-Jul-2012 17:16) Posted:
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After the strong closing on 17 Jul 2012 , Intraco had made a key reversal . From there it did not go lower than 51.5 cents . RSI came down to neutral n corrected itself from over bought position . +DI has come down from the peak of 84 to the low of 34 yesterday . DIs are still positively placed while ADX is at 28 n starting to rise . Intraco now is going to fill the gap at 61 cents n may go further up to the strong resistance at 66 cents .
Bintang ( Date: 17-Jul-2012 10:49) Posted:
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The strong closing with big volume has confirmed the key reversal .
Bintang ( Date: 17-Jul-2012 10:49) Posted:
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As volume increasing , Intraco may to reverse if it closes at its highest point .
Bintang ( Date: 17-Jul-2012 08:42) Posted:
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After it could not clear the resistance at 66 cents , Intraco has pulled back recently for a correction . It has to retreat 33% from the peak of 70 cents n may to pull back to 52 cents or lower . Furthermore there is a gap at 49 cents not filled , therefore this level may provide strong support .
Bintang ( Date: 30-Jun-2012 13:57) Posted:
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66 cents remains as a very strong resistance , forming a gravestone doji , Intraco came down very fast to touch the bottom at ard 55 cents which was tested many times . Uptrend is still intact n may go into consolidation at present .
ozone2002 ( Date: 05-Jul-2012 09:08) Posted:
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OHL sold..but another prominent biz man picked it up..
still have interest in the company..
now 56c.. ard the price range that he bought.. 45c to 50+c
likely to go up..
downside limited...
dyodd gd luck
ozone2002 ( Date: 04-Jul-2012 14:20) Posted:
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now ohl confirmed selling, stock price drop? to how much?
last mth when news say his purchase, price shoot up from 58 to 70.5 cts, yesterday closed at 62 cts, so go back to 58 cts? but tat hong bought at around 62 cts, right?
according to bt,Tony Chew who is executive chairman of Asia Resource Corporation and chairman of the Singapore Business Federation bought from ohl. good for the stock?
if ohl is buying, price should be going up, but lot of people selling whole day.
we should know who is buying from sgx announcement after market close.
price to go up tomorrow if he is buying?
big jump today on large vol..
is there news of OHL buying more?
dyodd gd luck
this stock must hold for some time to reach 66 cts because not much vol, even sti up 30-40 pts on friday, this counter just up 1 cts.
66 cents remains as a short term resistance
Bintang ( Date: 06-Jun-2012 10:33) Posted:
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