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
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!
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....
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