Fool Trader KLSE Research

Stock Overview - PCHEM - 24 Apr 2012

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Publish date: Tue, 24 Apr 2012, 02:58 PM
PCHEM ( 5183 : 6.60 ) : Double bottom

Description

Resistance : 6.90
Support : 6.34 6.54

RSI of 38
RSI is stabilising

STOCHASTIC
It is oversold

TREND INDICATOR

Comment
It appears to have found support at the Double bottom of 6.56

Trading Strategy
Buy. Stop loss 6.54

Source:Jupiter Securities Research 24 April 2012

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Be the first to like this. Showing 2 of 2 comments

kong73

there is quite a few plants in petchem tht has major shutdown and maintainence turnaround activities this year..even though reduce production output, it is offset by strong market prices for polymer, urea and fertiliser feedstocks. Tight control in cash flow management where most sales are on cash before delivery basis.

2012-04-24 19:42

Hustle

Last time new listing also wanted to fund raise only,check back the previous news.The listing price actually over estimate by public.

2012-04-24 22:22

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