AppAsia. Taktha!!!

Is the title track from KL Gangster, recorded some 9 years ago  by Fisful and Erna.  The song is all about redemption. TAKTHA means throne

AppAsia Bhd , the stock is now facing investors  dilemma if it can capture the RM1 mark TAKTHA. 

Rakunten valued the stock at about 68 sen. The stock is now trading at 86.5 sen.

For the stock to break the RM1 mark, AppAsia needs to secure something as meaty as econfim.my   which is a monopoly venture done in collaboration with Malaysian Institute of Accountants.

Market player say that this week is a critical one for AppAsia with RM1 and above in sight. Just like in TAKTHA

Bila kau menjadi kaku
Bila kau sudah layu
Bila kau tiada lagi bersenyawa
Aku sudah berada di atas takhta

The Edge.Out of Touch

Was a smash hit for Hall & Oates in the 80's. Seems to me, therefore is getting to be OUT OF TOUCH   with the market.

First,  they LOST this story to NST.  Today they have lost a major governance  story. Mara's action in buying the AppAsia shares off market, then selling some in open market, and buying  more in the closed market  is mind boggling  fit only for a rogue trader.

The Edge, where is the story? What are the fundamentals  driving AppAsia shares... Where is your story....you are out of Touch

Shake it up is all that we know
Using the bodies up as we go
I'm waking up to fantasy
The shades all around aren't the colors we used to see…

 

X men in AppAsia. Return of the Mack

Was a smash hit for Mark Morrison. Looks like there is an X Men in AppAsia Bhd.

Surprisingly  NST has the story instead of the Edge. NST provides some hints on the X MEN in AppAsia.

So here is Mark Morrison  with the RETURN OF THE MACK

(Return of the Mack) come on
(Return of the Mack) oh my God
(You know that I'll be back) here I am
(Return of the Mack) once again
(Return of the Mack) pump up the world
(Return of the Mack) watch my flow
(You know that I'll be back) here I go

AppAsia. Word Up!!!

Was a smash hit for Cameo. AppAsia On Balance Volume indicator points to the company testing levels unseen before in its recent history.

The stocks On Balance Volume suggest that this stock will break into new highs and could well test Japan's Rakunten's target of above 65 sen.

On Balance Volume (OBV), developed by Joe Granville, is a volume trend that relates price to volume, and tries to capture the buying and selling pressure in the market. 

The indicator's objective is to show if volume is flowing into or out of a security. Money is flowing into the security when the indicator is rising and out of the security when the indicator is falling. 

Adding the volume to a cumulative total when prices close higher and subtracting the volume from the total when prices close lower calculate OBV.

AppAsia's OBV is about 200 million. This means block trades and big money is drinving the stock upwards.

WORD UP for AppAsia, then as the stock lookds poise to challenge  the 60 sen a share resistance. Break that, and its

Do your dance, do your dance, do your dance quick mamma
Come on baby tell me what's the word

Word up everybody say
When you hear the call you've got to get it underway
Word up it's the code word
No matter where you say it you know that you'll be heard