Kenanga Research & Investment
Highlights / Stock Picks of the Day - Melati Ehsan Holdings Bhd (MELATI) – Not Rated
Recall that we highlighted MELATI on 2 May (at RM1.15) when the share price broke out from the “Bullish Pennant” chart pattern. We noticed that the share price went through a correction to neutralize the temporary overbought situation and MELATI has now regained investors’ interest. In tandem with the increasing trading volume, positive readings from key momentum indicators are suggesting that buying pressure is gradually piling up. We believe that follow through buying interest could emerge, and rally the share price towards our “Bullish Pennant” chart pattern measurement objective of RM1.53 fairly soon. Traders are advised to take profit 3 bids below this level at RM1.50, while employing a strict stop-loss at RM1.11.
Source: Kenanga
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Discussions
Be the first to like this. Showing 7 of 7 comments
Another Johnny came lately to the party. I bought Melati at 70 cts. Why come out to recommend it when price has doubled?
The Best Buy Now Is MULPHA at RM44.5.
Melati already run up in price. Mulpha will be the next to double or triple in price! Buy now when no analyst recommend Mulpa yet
2014-06-26 17:50
And Now Analyst also come out to recommend buying SKP Res at over 45 cts.
I bought at SKPRES at 16 cts when few bothered. Now after up 300% Market is Going Ga Ga over SKPRes. If you really want to make Good Fortune - Buy When It Is Cheap. Buy Mulpha - the next SKPRes.
2014-06-26 17:55
Calvintaneng,
u are absolutely so Beh ho Liao....1000 Likes to u. I like to learn from you.
when possibilities occur I will personally introduce you to Mr Peter Lim. Unless you don't want, then I will stop doing.
happy trading!
2014-06-26 18:07
Duitkwspkita,
Someone says, "We can have as many friends as possible in life. And we cannot afford to have even a single enemy."
So I welcome all friends. Thank you very much
2014-06-26 18:13
Wao.....great. U r simply so knowledgeable. I hope can become 10% of ur talents.
2014-06-26 18:24
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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....
Vic Lee
anybody look into this stock? its EPS is super high....no debt and borrowing...it will become another prtasco :)
2014-06-26 17:41