Ingress Consolidated Bhd is about to announce its 2nd quarter result ending 31 July 2010. Its first quarter (Ending 30 April 2010) earning was 13.6 sen per share and its net assets per share was Rm 1.91. If it can maintain its second quarter earning at above 10 sen, with its stock price at 83 sen looked cheap.
It has completed its major wave (I) & (II) and wave 1 & 2 as shown above.
It has started its wave 3 of major wave (III).
Its sub-wave iii of its wave 3 is about to start. If the magnitude of its wave 3 is the same as that of its wave 1, the minimum price target for wave 3 is about Rm 1.06.
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