huat8888
INSAS: Technical buy on TP RM1.22
- Technical BUY on breakout with +23.9% potential return
- Target price: RM1.09, RM1.22
- Support: RM0.935
- Stop-loss: RM0.93
BUY on breakout with a target price of RM1.22 and stop-loss at RM0.93. A bullish Harami was spotted on the daily chart, indicating a bullish reversal pattern. Currently, INS’s share price consolidated within the immediate support of RM0.935 before last Friday’s positive closing above the BBI to set a new tone for the short-term outlook.
We expect INS to continue on an upward movement. The bullish bias has been established following an uptick in the DMI.
We peg our targets at RM1.09 and RM1.22 respectively.
Expected Timeframe: 2 weeks to 2 months.
Source: UOB Kay Hian Research - 5 Jun 2017
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Discussions
Be the first to like this. Showing 6 of 6 comments
This chart was up to last Friday calling for a buy if price break out @ 98.5 sen. On Monday morning already breached RM1 and remain above RM1 for three days. Already outdated.
2017-06-07 21:20
you guys better buy dutaland, bpuri and bj corp
there are just like insas when it was 65 sen
2017-06-07 21:26
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Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
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....
Alex
yes buy this fast, if not u insaf
2017-06-07 20:40