PEKAT’s stock price has gone through past 8 months of pullback consolidation stage along the sideway SMA200 line and the latest additional 1 month of gradual rebound and finally today the candlestick manages to breakout and stay above previous high above RM0.510 and close at RM0.520.
The stock price finally manages to stay above all short and medium terms’ EMA lines which riding above rising SMA200 line. This indicates that the stock price is finally taking off from its initial stage of markup phase;
If the stock price could stay above RM0.510 for higher high with trending momentum and increasing volume, then let’s monitor for the next possible short-term targets around RM0.550, 0.580, 0.600, 0.620, 0.650, 0.680, and 0.700.
Long term investors may prospect for possible long-term targets to challenge around RM0.720, 0.745, 0.775, 0.800, 0.820, 0.850, 0.880, 0.900, 0.920, 0.950, 0.980, and 1.00;
Should the new higher high beyond RM0.510 be successful, trailing stop with EMA20 or EMA30 line, or if the stock price were to pullback unexpectedly, put the short-term stop loss below RM0.480 or worst case below RM0.460;
The secondary indicators like MACD, DMI and RSI are at good junctures that may biased to lead the stock price for further upside and take off from its initial stage of markup phase;
“XChart’s Trade Signal” has been triggering 4 real times today afternoon as shown above indicating the stock on “CB06: Uptrend Intact and MD01: MACD (>0) crossing up signal line”;
“XChart’s Stock Analyser” as shown above is fundamentally PFS9=9 indicates FA is extremely good, and technically TAS20>55% indicates that the stock price may biased for further upside after taking off the initial stage of its markup phase;
Fundamental:
PEKAT GROUP BERHAD (PEKAT, 0233) is listed under ACE market’s Industrial Products & Services Sector.
Principal Products / Services:
Solar Photovoltaic (PV) systems and power plants, Earthing and Lightning Protection systems, Electrical products and accessories.
Financial ratios:
TTM Q4-Dec-2023: DY%=1.92%, EPSG=9.28%, PER=24.53, ROE=10.02%, NGR=NetCash, DER-ST=0.01, TLER=0.30;
Chart | Stock Name | Last | Change | Volume |
---|
Created by zaclim | May 03, 2024
TAS Offshore Bhd rose some 239% to close at 74 sen on May 2. News of booming opportunities helped spur the counter to register new highs. How high can it go?
Created by zaclim | May 02, 2024
Oppstar Bhd touched an intraday high of RM1.55 on Apr 30 following news of tie up with Samsung Electronics. With more jobs coming its way, there are ample room for the counter to trend higher.
Created by zaclim | Apr 30, 2024
CENSOF’s stock price rebounded from last week higher low at RM0.265 with increasing volume. The stock price is riding above all EMA lines which are arranged in uptrend order.
Created by zaclim | Apr 30, 2024
Ranhill Utilities Bhd was a let-down after announcing its FY23 results about two months ago. What is driving its share price higher?
Created by zaclim | Apr 29, 2024
The stock price is riding above all EMA lines which are arranged in rosing order and also riding above rounding bottom SMA200 line
Created by zaclim | Apr 29, 2024
Spring Art Holdings Bhd has jumped to a year high of 27 sen recently and succumbed to profit taking. However, it is looking to rise again.
Created by zaclim | Apr 29, 2024
Radiant Globaltech Bhd has been moving higher in recent days, pushing it closer to its year high of 40 sen. Can the counter surpass this level?
Created by zaclim | Apr 25, 2024
The stock price is riding above all EMA lines. This indicates that the stock price is in transiting from accumulation phase into the initial stage of markup phase
Created by zaclim | Apr 25, 2024
RGB International Bhd share price is on an upward movement as investors take note of its latest deal involving product leasing. Can the good run last?
Created by zaclim | Apr 24, 2024
GDB’s stock price has been in an expanding wedge at the last count of 5-wave-pattern rebounded from last week low at RM0.255 where it was supported at EMA30 line