Possible for uptrend continuation. PLABS’s share price went into congestion phase in the past two weeks. As the ongoing uptrend still coincides with bullish RSI and MACD indicators, the share price is poised for uptrend continuation in near term. Should resistance level of RM0.310 be broken, it may continue to lift price higher to the next resistance level of RM0.335.
However, failure to hold at support level of RM0.270 may indicate weakness in the share price and hence, a cut-loss signal.
Source: PublicInvest Research - 13 Apr 2017
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Created by PublicInvest | Nov 26, 2024
shinichi1412
I heard there is one broker house will be issuing out "Top 20 small cap stocks" report next week.
Interestingly, one of the stocks is SYF Resources. It is not-rated recommendation with TP of 86sen. It is similar to Malton report.
TP is based on 12x PER of peg to FY17 EPS 7.16sen. I checked its latest 6MFY17 EPS, annualised FY17 EPS about 7.24sen. So, i think the difference could be due to stabilise in ringgit for its 2HFY17.
But for me, it is still superb upside. Below all time high of 90sen. I really hope speculators go in this stock goreng sampai hangit to RM1.00. Lol
Unfortunately, for speculators, DNEX, Censof, PWORTH are not in the report. Lol.
2017-04-13 13:34