AsuraAxiuluo was right about

ZELAN below $0.28 by 31-Dec-2011

  • target price: $0.28 ( -11.11 % in 143 days)
  • price when predicted: $0.32
  • current price: $0.14
  • 2174 days pass target date.
  • Below $0.28 on 19-Sep-2011
  • Lowest Price $0.24 on 26-Sep-2011
global uncertainty and the trend is still downward due to excessive cost over-runs in its projects
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Comments

Yesterday (November 4) reached at 0.405. What is your prediction on this for this month?
technical wise at the moment zelan appears to be on a minor uptrend due to the recent slew of good news, but if you draw the trendlines, it is currently at the testing part of whether it will break the long drawn downtrend line or not. So unless it cracks above the downtrendline and maintains above it, then there is chance that this counter have any significant trend change.

Fundamental wise, zelan is heavily in debt, and lots of losses incurred esp on mid east projects, unless the slew of new contracts breakeven or ensure a profit for the company then its highly possible the losses in share price will continue downward.

Try look at least 3 - 4 months in your trades instead of a short 1 month. Its easier to manage :)
Thank you so much! I really appreciate your analysis! I bought it exactly at 0.405! The reason why it went high last weeks because of some good news. I think it might go higher but I do not want to take risk and will sell it for a bit of loss (0.395 now). Will enter again when the price is lower? Or should i keep it for at least 3 -4 months? Is that what you are suggesting?
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