IVORY - Momentum Play

FA  :
For Momentum Play based on technically Analysis, as long as she is in Profit & there are news catalyst should quite enough.
Announcement on 11/Nov/11
IVORY PROPERTIES GROUP BERHAD ("IVORY" OR THE "COMPANY")
(I) PROPOSED PDA;
(II) PROPOSED JOINT VENTURE;
(III) PROPOSED RIGHTS ISSUE;
(IV) PROPOSED BONUS ISSUE;
(V) PROPOSED PROVISION OF FINANCIAL ASSISTANCE;
(VI) PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL; AND
(VII) PROPOSED AMENDMENTS.

TA:
MA       : 20MA is trending up, Price above all monitored MA line.
MACD : Going to bullish cross-over.
Stochastic : Trending up but yet to over sold.
Vol           : Above avg.
Entry at 1.01, Stop loss 0.94 & Profit =1.17