Kenanga Research & Investment
Highlights / Stock Picks of the Day - Hume Industries Berhad – Not Rated
HUME has rebounded by 28.0sen or +8.92% yesterday post its multi-month downtrend. From the technical point of view, MACD has shown a sign of turnaround with a slight hook up observed. On top of that, both its Stochastic and RSI indicators have rebounded off their oversold zone, signaling a strong revival in buying interest of the stock. While underlying trend remains downward biased with its share price below all 3 key SMAs, we advocate investors to look out for breakout from its immediate resistance at RM3.64 (RI) for potential revive in share price positive movement.
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....
