Shares & Derivatives
MASTERING FUNDAMENTALS AND TECHNICALS, ONE STOCK AT A TIME
By Singapore Stocks Investing (SSI)  •  June 22, 2017
In my previous post, I have shared with readers about how Moya Asia stock is now turning south and might test the $0.098 support next (you can read my post here). The downtrend for Moya Asia stock commenced after its acquisition of another company and I have said that I viewed the acquisition non-positively since the acquired target has net book liability. Moya Asia stock went south 7.3% lower yesterday to $0.102. Compare this closing price to the high of $0.131 before its trading halt and announcement of its acquisition, that is a southing of 22%! The current technical charts of Moya Asia stock is not strong and I think the next support of Moya Asia if the price continues to head south is $0.098. Moya Asia stock was one of the stocks which I have picked up, invested in it but it was ......
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By Singapore Stocks Investing (SSI)
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