Century Logistics Holdings Berhad, through its subsidiaries, provides freight forwarding, warehousing, container haulage, transportation, and open yard storage services. It also provides distribution services, invests in property and operates as shipping agent.
Since bottoming up from the low of RM0.53 on 16 Dec 2014, it has formed a longterm uptrend with a well-established Elliott Wave pattern. Share price is currently on Wave 5 (another upside impulse wave). In addition, Symmetrical Triangle pattern breakout emerged during Wave 4 pointed to continue uptrend line. With that, share price is expected to trend higher.
Noticeably, MACD and its histogram gradually move into positive area. RSI is increasing from 37% to 66% since 15 Jun 2015, indicating stronger buying strength. Slow Stochastic in bullish zone suggested upward tendency. Hence, reading from above oscillators shows that buying momentum is picking up pace.
Further upsides are targeted at RM0.99 (R3 Pivot Points) and RM1.08 (measurement objective of Symmetrical Triangle breakout), with a long-term objective of RM1.16 (Elliott Wave measurement). Supports are pegged at RM0.93 and RM0.90 (R2 Pivot Points). Cut loss below RM0.88 (R3 Pivot Points).
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....