Kenanga Research & Investment
Highlights / Stock Picks of the Day - Coastal Contracts Berhad (COASTAL) – Take Profit
Recall that we have issued a ‘Trading Buy’ call on COASTAL on 18 Dec 2014 with a target of RM3.42. Since then, its share price performed well with its share price gaining 14.7% from the closing price on the day we issued our report on the stock. Underlying trend remains bullish with its MACD still in positive divergence over its Signal line. Meanwhile, buying interest appears to be slowing down slightly with flattish RSI and Stochastic indicators observed. We decided to close our position on the stock as it is approaching the end of 2014. However, we still maintain our bullish view on the stock and we expect it to test our target of RM3.42 in the midterm.
Source: Kenanga
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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....
peterwkc
bullish
2014-12-26 09:49