KL Trader Investment Research Articles

PERISAI: Medium term targets at RM1.04-1.13 zones

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Publish date: Thu, 23 Aug 2012, 10:02 AM
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This is a personal investment blog where I keep important research articles relating to KLSE companies.
  • We believe a new uptrend has been formed, given that Perisai had consolidated upwards above the 10-d/20-d/30-d/50-d/100-d SMAs and supported by the bullish Ichimoku method and technicals.
  • If prices can break the psychological RM1.00 barrier, there is a good chance that Perisai may retest its all-time high RM1.04, followed by RM1.10 (123.6% FR) and RM1.13 (138.2% FR).
  • Significant resistance is RM1.19 (161.8% FR). Supports are RM0.90 (30-d SMA) and RM0.88 (100-d SMA). Cut loss below RM0.86.

Source: Hong Leong Investment Bank Research - 22 August 2012

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1 person likes this. Showing 1 of 1 comments

Niky Mat Nicky Mood

I think this share is for conservative investor and is not liked by traders cos it is coool and stickyyyy to move....but i have this kind before...it will its target and it takes 1-2 weeks which usually astound and surprised the bears!

2012-08-27 21:10

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