Kenanga Research & Investment
Highlights / Stock Picks of the Day - Keladi Maju Berhad (KELADI) – Stopped-out
KELADI’s share price declined 1.5 sen (3.61%) to settle at RM0.40 with high trading volume yesterday. Recall that we placed a Trading Buy on KELADI in early August, encouraging traders to take profit at RM0.48 supported by bullish indicators as well as a bullish flag breakout, while implying a strict stop loss at RM0.40. Share price has since underperformed our expectations and dipped to our stop loss level. All key indicators like MACD, Stochastic and RSI are heading south, lending a hand on the bearish bias outlook. Hence, we are placing a stopped-out call on KELADI at RM0.40.
Source: Kenanga
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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....
