Olympia Industries Bhd

Olympia is principally involved in investment holding, provision of management services, property development and management, organising and managing numbers forecast pools (4-D) and public lotteries in Sabah.

Olympia last quarterly earning was -0.5 sen per share with net assets per share at 93 sen.

Last Friday its stock price surged from 22.5 sen to a height of 29.5 sen with a volume of close to 39 millions shares being traded. The price opened with a gap, a runaway gap. This morning the company announced that its wholly owned (100%) subsidiary Lotteries Corporation Sdn Bhd has entered into a MOU with Taiwan Lottery Co. Ltd on sales of 4 digits game in Taiwan.



Its OBV is at all-time height. Is is possible that it has just completed its major wave (II) and its major wave (III) has just started with a runaway gap.

Its chart pattern is very bullish at this moment.

Dow has given up 110 points (1%) after 2 hours of trading on Monday morning on growing concerns that Europe's debt problems will hamper a global rebound and Europe's economic problems would spread to US. Euro has dropped to a 4-year low in morning trading.