Fool Trader KLSE Research

Stock Overview - SCOMI - 26 Sep 2012

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Publish date: Wed, 26 Sep 2012, 10:00 AM
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0 1,207
Following Message
SCOMI ( 7158 : 0.38 ) : Take profit

Description
Resistance : 0.41

Support : 0.36

RSI of 73
RSI is approaching overbought

STOCHASTIC
It is on an upswing

Comment
On the 13/9/2012 buy call at 0.33, we are recommending to take profit as it may be affected by the 'sell after fact' profit taking

Trading Strategy
Take profit

Source:Jupiter Securities Research, 26 September 2012

SCOMI (7158)
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Discussions
Be the first to like this. Showing 2 of 2 comments

Chan Oi Ing

Should I keep or take some profit of this counter? Tq for ur advise if u r kind enough..... Tq

2012-10-05 11:55

Mat Cendana

Since we don't know what's going to happen in the future (which can be negative OR positive for Scomi's price), one play-safe strategy is to lock in some profits first while keeping the rest. This way you will the best of both worlds - if it were to drop... well, at least you have the consolation of having sold some. Same thing if it goes up - you will still benefit because didn't sell all.

2012-10-05 12:24

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