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Thursday, January 17, 2013

MY EG Services Bhd

Overview:
My E.G. Services Berhad is engaged in the business of development and implementation of the electronic government ( E-Government) services project and the provision of other related services for the E-Government services project, as well as investment holding. 
Its businesses are categorized into two divisions: government to citizen (G2C) and government/enterprise solution (GES)
G2C services refers to services, such as driving theory test bookings, issuance and renewal of licenses, electronic bill payment and payment (EBPP), as well as online information services, such as traffic summons checking and electronic bankruptcy or liquidation status searches (E-Insolvency). 
GES are non-Internet based services, such as software and enterprise solutions, system development and maintenance, as well as services rendered at the E-Services Centers
In February 2012, it acquired MY E.G. Capital Sdn Bhd. (MYEG Capital). O
n March 12, 2012, its subsidiary, MYEG Capital, acquired Ipidato Sdn Bhd.


Trading Plan:

1) Trendline - Above moving average
2) Volume: High
3) MACD: Green (Positive>Bullish)
4) Smoothed RSI : At 67.5%. RSI hooked up.
5) Support/Resistance: Supported at RM 0.800. Today close RM 0.840
6) Beta: 0.25
7) Candlestick: Gap up.
8) Pattern: Bullish

Entry: RM 0.845

Profit: RM 0.895
Cut loss: RM 0.820
RRR (Risk to Reward Ratio)> 1 : 2


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