ATTA Global Group Bhd (Rm 1.30)

ATTA reported excellent quarterly earning of 14.86 sens a share on yesterday evening. Its net assets is Rm 1.82 per share.

Its quarterly earning has been going up since early 2016 from -5.52 sens a share for its 1st quarter 2016 to +0.24, +3.42, +6.74 and +14.86 for the latest quarter.

ATTA gained 13 sens (+11%) today to close at Rm 1.30 on high volume of 2.1 millions share.

Technically, ATTA looked bullish with strong OBV. There are two likely wave-count at this moment depending whether it can break its upper trend-line.

If it can break its upper trend-line at around Rm 1.50, the current up-trend can be the wave (iii) of 3.

But, if it is unable to move higher than Rm 1.50, then the current up-trend is the major wave 5 as shown below.

ATTA-WB (Rm 0.43) has a better performance today. It gained 15 sens or 53%. The conversion rate for the warrant is Rm 1.00. Its maturity date is 9th May, 2022.

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