Trading Ideas

Author: smartrader2020   |   Latest post: Thu, 22 Jun 2017, 11:39 AM


RAYA Stock Pick: This stock is setting up for a breakout

Author: smartrader2020   |  Publish date: Thu, 22 Jun 2017, 11:39 AM


  • Equities continue to fall today as the sight of oil falling into a bear market rattled some investors. And the commodity isn’t looking too perky this morning either, with the market perhaps distracted by a royal shake-up at the House of Saudi. Crude this morning looks like it’ll just keep dropping, and that will doubtless worry investors on stocks that have exposure in O&G sector.

  • CIMB today has initiated DNEX, which prove to be at the wrong time in the midst of the slump in oil prices.

  • If O&G stocks start to wobble for real and semiconductor stocks running hot and cold, other potential stocks are waiting in the wings to take the lead. This plays into the rotation that picked up the bull baton from O&G and semicon stocks.

  • It wont be sector rotational play but selective stocks rotational play during this quiet market period due to long holiday break. For example, Superlon have announced its 4Q superb results last two days. The share price continues to be in the limelight today. Well, still not late to join it.




my pick is PUC Founder. Reason being:

1)   Its AGM will be held next week (https://cdn1.i3investor.com/my/files/dfgs88n/2017/04/27/1505931938-634052717.pdf). We could expect all resolutions to pass. This will transform the Company into the way they want to implement particularly in e-payment system and digitalise their products. The new Management have been aggresive in handling their business, which saw the recent one was acquiring Singaporean company. This will benefit its 2Q17 results onwards in terms of financial consolidation and knowledge and technology transfer to take the Company one step forward. The Management has already guided double digit revenue growth for this year, so, hopefully that the Management will guide more its earnings catalysts at its AGM next week.

2)   So, all these positive developments will translate into higher earnings this year and onwards despite a disappointing 1Q17 results. It was just a temporary blip. With digitalisation, profit margin surely will improve as operating cost will drop.

3)   Looking at share price chart, MACD histogram indicator has been hovering above zero line, implying an important bullish signal. It is just a matter of days to be pushed up. Neither weeks nor months. The current flat price trend is indicating accumulation and setting up for bullish breakout.



4)   Calculating its near-term TP, I have spotted its share price pattern is on Wave 2 and in the form of flag pattern. From this kind of pattern, I know its share price will reach 25sen in the coming days. Neither weeks nor months. But no specific time frame of the exact day or week.

5)   TP of 25sen is just on Wave 3. There will be more upside for a rally on Wave 5. But will not be in the coming days. Could be weeks or months. The Wave 5 could be on 2Q17 results, which will be announced at end of August 2017.















  Be the first to like this.
deMusangking be careful of scam!
22/06/2017 11:52
nklye Waaa... smartrader2020, a good u-turn.
Luckily I didn't throw mine when u threw in the towel just last week.
22/06/2017 11:53
999999999 dia nak jual! berhati hati!
22/06/2017 12:03
nklye With diehardunited support, don't think smartrader wants to sell at 14.
Perhaps he got a lot at 16 to 18 from Wave 1.
Everybody here wants what been postulated by both diehardunited and smartrader to happen, right?
And PUC deserve to move up from current price based on its merits and compared to other counters that either at same level or below it but their price are above PUC.
22/06/2017 12:26
Huihui Liong This post going to be deleted tmr
22/06/2017 14:39
Stock Kingdom Issue totally 2 different calls for a same stock within a week!? Those diehard followers 死有余辜
22/06/2017 22:00
pussycats :-(
23/06/2017 05:24
dusti Ignore bullshitters!
23/06/2017 09:30


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