Efficient E-Solutions Berhad is an investment holding company. The Company, together with its subsidiaries, operates as a business process outsourcing (BPO) company, and offers comprehensive data and document management solutions. Its core services include data processing, document processing, electronic and physical distribution, imaging and data capture, archival and retrieval, and records management. The Company has developed a suite of work-flow management applications to support its data processing procedures, which include data conversion, data manipulation, data merging and data mining. Its document processing services range from data extraction, data conversion, formatting of documents, to data printing and preparation of printed documents for distribution by post. Its electronic bill presentment (EBP) services range from EBP subscription services to data extraction, creation, and delivery via electronic media. On January 16, 2008, it acquired Efficient International Sdn Bhd. http://www.efficient.com.my/index.html
Par value: 0.10
PER: 7.28
Last Qtr profit: RM4,364,000
EPS: 0.66 cents, increase 8% Q-Q
Accumulate EPS: 2.06, increase 9% Y-Y
ROE: 18.29
PEG: 0.81
Trading objective: Short term for high risk taker only
The stock price of Efficen after broke down from the 50 days MA, the price moved along the trading range of 0.185 cents to 0.215 cents with low volume. On Thursday 31/1209, the price just broke out 0.21 cents and closed at 0.22 cents for the 1st time since 13/11/09 with significant volume increase in the last hour. By analysing the chart, it also broke the 50 days MA at the same time. The MACD had hooked up and the MACD line very close to Zero cross over line. The volume just manages to touch 40 days VMA. Other indicators:
STC %K at 100 and %D at 81.82
RSI: 63.64
Momentum above Zero
DMI: Green +DI crosses Red -DI and hooked up
Bollnger Band: Price stay above mid-band and it expanded 90%.
The chart pattern and the indicators above show that Efficen is already set-up for the up trend. However if the price turn around after you had acquired, the cut loss points should be set at 0.205 or -8% to -10% below the entry price. Take note, the price from 0.22 to 0.20 will be -9%, so it is very high risk to trade a low price counter. We recommend the stock only for the trader who prepares to take the risk.
Please see the chart below for your reference
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