The Daily Pulse of Bursa Malaysia

06-May-2024-Mon: Stock Analysis – SEALINK (5145) – RM0.210:

zaclim
Publish date: Tue, 07 May 2024, 08:47 AM
zaclim
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Daily Pulse is a blog that provides daily stock updates and insights on the Bursa Malaysia.

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  • TTM Q4-Dec-2023: PBR=0.47, EPSG=38.21%, NGR=0.09, DER-ST=0.18, TLER=0.47;
  • XChart’s Trade Signal has been triggering 6 real time in the morning session as shown above indicating the stock is on “LD01: MACD(>0) Crossing up Signal”; & “CB05: Uptrend Pullback Rebound”;
  • XChart’s Stock Analyser as shown above is fundamentally PFS9=8 indicates FA is very good, and technically TAS20>70% indicates that the stock price may biased for further rebound and is preparing to breakout the symmetrical triangle near apex and may resume its uptrend along with its markup phase;
  • Based on daily technical view, the stock price has been consolidating within a symmetrical triangle for almost the past 7 months above SMA200 line. Let’s monitor for the stock price to breakout and stay above RM0.215 to resume uptrend. Today, is the first day that the stock price is riding above all EMA lines which are arranged in uptrend order above rising SMA200 line. This indicates that the stock price is preparing to resume uptrend upon breakout of symmetrical triangle along with its markup phase;
  • Possible short-term targets: RM0.220, 0.235, 0.320, 0.335, and 0.350;
  • Possible long-term targets: RM0.380, 0.400, 0.425, 0.435, 0.485, and 0.500;
  • Short-term stop loss below RM0.190, or worst case below RM0.175.
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