haha, for those strong holders of Sumatec - reading looiks & Noraini's TA are part of the 'bonus' we get from this share.

Next resistance @ 1.42

TA is not applicable as the right issues just happened 1.5 week ago.
Correction will still happen for weeks.

FA is more applicable - remember that this is an O&G counter, with proven oil field asset (check Kak Noraini's postings if you are in doubt) @ RM0.30

Of course, as usual, buy at your own judgement and buy within your means.

@Warrengates: yes it can be easily broken - but to stay above for the rest of the week, that's another story

my guess is if 2nd resistance RM0.225 can be broken and stayed above this week.. CityTrader's TP can be reached within this month ;)

maybe a trick to scare ppl, so he/she can buy low :P

haha poorman reminds me of poor dad in "Rich Dad Poor Dad" book.

林俊松, I would advise to observe first.

Even if you really wanna buy, try to queue at 21 sen or below. If you buy at 21.5 sen, you make those seller happy only.

Today it was already hard to break 1st resistance at 21 sen, let alone second resistance at 22sen.

Try to buy within means (fyi, i saw your posts in Sumatec, I understand how you feel)

@Noraini, takut buat pe... tunggu beberape bulan, when the company is out of PN17.... the share price itself will hantam dier balik ;)

Agreed with Kak Noraini.

Remember that Noraini has always been mentioning that she is a long term player.

Her goal has always to keep majority of her share to reach her RM1.XX TP next year

In my opinion, the reason she does & share TA almost everyday, is to let us have an overall view of the share performance, and really, buy at your own discretion. Besides that, she can also buy and sell some shares to average down & for some quick gains

Whether you are a RM0.30 or RM0.55 holders, if you believe in long term like Noraini, these prices are cheap compared to her RM1.XX TP

As for short term/high risk players, look no further than looiks' TA (train analysis)

Hovering around first resistance 1.12. If it maintains above, then only uptrend is confirmed.

Agreed with WRY9876, Maybank Investment's quick revision on TP means they are confident with the prospect of Barakah

If breaks 0.21 resistance, then cannot stop uptrend already!

Dear all, first time commenting on this forum after reading everybody (especially thanks on Happy88's continuous sharing) posts for the past few months

Just to share an article by star dated August
http://www.thestar.com.my/Business/Business-News/2013/08/24/Moment-of-truth-beckons-for-Hibiscus.aspx

Based on 60% probabilities of success, UOB KayHian targetted TP at RM5.20.
However if drilling campaign in Oman Block 50 ends in failure, RHB Investment Bank's TP is RM1.18.

But of course, this news was back in August, and since then the price has already increase 35% (as of now, RM2.00)

Also, I believe those TP did not take other assets such as West Seahorse oilfield (proven oil reserves) into account.

So yes, TP can be much more than that.