Current Price = 0.26
Target = 0.275 / 0.285 / 0.295
Background
EDEN ENTERPRISES (M) BERHAD ("EDEN") is a public listed company listed on the Second Board of Bursa Malaysia with Zil Enterprise Sdn Bhd ("Zil") as the holding company. "Zil" is a 100% Bumiputra Company, wholly owned by Tan Sri Dato' Abd Rahim Mohamad, the Executive Chairman of EDEN.
Since 1964, EDEN has emerged strongly in the market through its Food and Beverage Division. Over the years, EDEN has grown rapidly and its growing clientbase clearly reflects EDEN?s success. Today, EDEN is continuously growing with an established and diversified group of companies managed and run by experienced and qualified employees.
The business activities of EDEN from 2002, has expanded from Food and Beverage and Tourism, to Energy and Manufacturing Sector. The newly diversified business activities and sources of income will enable EDEN to cushion itself from short, medium and long term effects of economic cycles and will provide EDEN with a steady profit and cash flow in the long term.
My Technical View
- Interest is shown in the stock at the moment.
- Volume is increasing.
- RSI getting stronger
- Stoch heading higher than 20%.
- MACD Histogram formed above zero.
- Buy when price move above 0.26.