huat8888

INSAS: Technical buy on TP RM1.22

icn88
Publish date: Wed, 07 Jun 2017, 06:34 PM
icn88
0 32
Following Message

 

 

  • 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

 

INSAS (3379)
Related Stocks
Market Buzz

2024-11-22

INSAS

Forum

4 New Comments

More articles on huat8888
Top 4 Reasons to Re-look Petron Malaysia (3042)

Created by icn88 | Mar 21, 2019

Most Neglected Consumer Counter - YOCB (5159)

Created by icn88 | Mar 03, 2019

Why Kossan is the Winner from Crude Oil Plunge?

Created by icn88 | Nov 25, 2018

Privatization for Berjaya Food Holdings ?

Created by icn88 | Oct 04, 2018

Vietnam & Malaysia ’s furniture makers tipped to turn the tables on China

Created by icn88 | Oct 01, 2018

BERMAZ AUTO(BAUTO) TP RM2.71- AFFIN-HWANG

Created by icn88 | Sep 07, 2018

KTC (Kim Teck Cheong) - All time high Revenue + Net Profit

Created by icn88 | Sep 03, 2018

Should We Re-look HY and PETRON, crack spread up almost 100% from bottom ?

Created by icn88 | Aug 23, 2018

AJIYA BERHAD- Worst is over?

Created by icn88 | Jul 28, 2018

Kronologi Asia (0176) will be in focus on Singapore's worst cyber attack

Created by icn88 | Jul 24, 2018

Discussions
Be the first to like this. Showing 6 of 6 comments

Alex

yes buy this fast, if not u insaf

2017-06-07 20:40

TheContrarian

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 Already outdated.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

calvintaneng

heheh

all so clever now

2017-06-07 21:24

calvintaneng

you guys better buy dutaland, bpuri and bj corp

there are just like insas when it was 65 sen

2017-06-07 21:26

paperplane2016

Calvin, trend set.

2017-06-07 23:23

slm7212

Calvin....cannot simply handam....different case

2017-06-08 16:06

Post a Comment