Post removed.Why?

https://www.facebook.com/778490872166870/photos/np.85757924.100002496753938/877814695567820/?type=1&notif_t=notify_me

ktan Y C Lee,i m 20% fa,80% ta...dsonic as i see it has no fa support any more...at most it is a trading stock,however there are many diehards there.
Have a good day.

give some points,,why you said dsonic has no FA support anymore??? are you trying to say this company won t receive any projects in future??

KTAN to me i feel TA, is only the moment, but FA is something that covers up the moment n also future... FA is the one that will propel forward the stock.. TA is only you enjoy it momentarily only, when to buy n exit.. two types of investors are there, one is with fear always n the other without any fear.. the one with fear will always prefer TA.. the one without fear will prefer FA, because he is more interested in long or medium term

continue------------Unisem
Sector: Technology

UNI MK
RM1.27 @ 8 May 2014

TR BUY (maintain)

Price Target: RM1.60 (↑)

AFFIN INVESTMENT BANK

On track for an operational turnaround---- AFFIN INVESTMENT BANK

1Q14 headline net profit of RM9.3m mainly due to one-off grant income
Unisem reported 1Q14 revenue of RM228.0m, a 8.7% yoy decline mainly
attributable to lower sales volume as well as revenue loss from its European
operations after closure of its Wales operation in December 2013. However,
EBITDA margin improved to 19.1% vs 12.3% in 1Q13, likely due to
management’s continuous efforts in cost rationalisation and discontinuation of
less profitable older products. 1Q14 headline net profit improved to RM9.3m but
that was largely due to grant income of RM10.4m received by its China
subsidiary. Excluding EIs and forex losses, Unisem reported a 1Q14 core net
profit of RM7.8m, in-line with our expectations.

Outlook for 2Q14 remains strong; expect 8-10% revenue growth
Sequentially, Unisem’s 1Q14 revenue was down 7.7% qoq. In tandem with the
seasonally weaker quarter, EBITDA margins were also lower at 19.1% vs 21.5%
in 4Q13. However, on a more positive note, management has guided that the
prospect for 2Q14 remains exciting. On a qoq basis, management is expecting a
8-10% revenue growth in 2Q14, underpinned by stronger demand for its wafer
bumping services and WLCSP. In addition, management also indicated that the
QFN (leadless) package, catering to the smartphone market, is expected to ramp
up in 2H14. Separately, post its restructuring efforts at its Batam operation,
management also indicated that the initial P&L for Batam operations is showing
signs of improvement. Going forward, we believe this would improve margins.

Maintain TR BUY, TP raised to RM1.60
We made minor adjustments to our FY14-16 earnings forecast, after
incorporating 1Q14 results. All in, our FY14-16E EPS is tweaked by +0.2%,
+0.2% and +0.9% respectively. In view of the leaner operations as well as
earnings growth prospects ahead, we believe Unisem is on track for a turnaround
in 2014. We maintain our TRADING BUY rating but with a slightly higher target
price of RM1.60 (from RM1.53) based on a mid-cycle recovery P/BV multiple of
1x. We believe that only with consistent earnings delivery would Unisem warrant
an outright BUY rating. Key risks include rapid ASP erosion, slowdown in its
manufacturing orders which could lead to a lower-than-expected utilization rate
as well as failure to keep up with the latest technologies.

Posted by ChunJui Lee > May 10, 2014 03:24 PM | Report Abuse

support 1 3.26
support 2 2.75

resistance 1 3.89
resistance 2 4.02

macd already converging

candle stick new high based on last week range .. could we see newer high next week?



yes with strong news,,surely it will propel forward next week..strong news on projects is coming

http://ycinvest.blogspot.com/

THIS IS THE BEST I CAN DO GUYS

Purple Circle Office , the next two days , although it is trying to escape the jaws of death , but still failed , could not pass RM4.80. capacity has shrunk , proven multi gunpowder exhausted ! Next Needless to say , of course, a dead end ! direct break through multi- RM3.50 Front ! followed by a rebound , back to RM4.00, the short side and then the next layer , 15- day and then defeated No. multi RM3.20 Front , 16 No. rushed directly to RM2.60, last second multi- defense . successful multi saved , with three white soldiers the way , through the power of the market , all the way to counterattack to RM3.90 position , the short side does not pay more hesitation , at RM3.90 and then set up the defense , continued to multi war ! consecutive 5 days be crushed !

The first six days , multiple attempts to counterattack , no effect , the short side continued to pressure , at RM3.60 and then set up the defense .

Note ! short side defense getting low !!! empty square is very positive !!!

Multi outdone , at RM3.20 on defense also made ​​a strong fight !

As of week 4 , volume begins to shrink , Kongfangliliang exhausted yet ? week of May, and then try to challenge the multi-empty square RM3.60 defense , and was shot down , to close at RM3.48 up !

Empty square Front : RM4.80, RM4.00, RM3.90, RM3.60

Next , to see whether there is the ability to break the multi- RM3.60, this road the short side of the first front .

Well , the next step is combat power analysis !!!

RM4.80 and RM4.00, when multiple attempts to challenge , is to make the outcome of the fate of defeated . would return both the price , I can say is , the probability is very low ! If current bid prices , profits space at most to RM3.90!

Then we re-analyzed , if the current bid price , the expected loss could reach what extent !

Multi RM3.50 defense , four degrees was broken !

RM3.20, was once a strong break !

RM2.60, once touched !

RM2.40 strong support , has not been touched !

The above analysis , it is clear many times by the challenge of multi-party is , the short side dominant ! buying at the current price , multi-defense if we touched before , to investors are huge loss !!!

Amplitude and profit and loss analysis, I privations ! final decision is still in your hands !!!

Supplement : To form a rebound in downtrend once again exceeded the previous high , with the need to be very strong capital , strong fundamentals must be changed ! company must have a strong positive news !

I have painted dolls , even the intestines are drawn out , do not call me even gut everything inside drawn Oh ! disgusting :! P


There , more than just a personal analysis :!!! D

Have any questions, please contact me: yipchun.lee @ gmail.com

Chart: bursastation.com

The grid in purple , two blue circle members , we see multi-pulled , and have been playing down the short side , but twice , and later began to shrink a volume , multi try again pulled up , this time to break up . RM2. 40 This places the empty position switch to multi-party defensive line .

Shares pulled up to 2.60, and then suffered a small attack ( small red circle at ), multi did not stop , increased firepower , continue to open the high running high , beat up the . RM2.60 a second line of defense .

To RM3.20 ( medium red circle ), suffered another wave of big attacks , but also put a great amount , the short side dominant , the next day or multi-sustained shelling , to rebound , but also not too short side position . third day an open , on the open short side past the camp , even playing in the empty square base 5 days , consecutive five doji , just kill all the empty square , leaving five swords, a strong proof!!!

To RM3.50 place ( the last high-ranking officials red circle ), once again war , put in more success waited at 3.50 position , the amount to be shrunk , probably did not force the empty square, multi try again pulled , they win .

Multi defensive line : RM2.40, RM2.60, RM3.20, RM3.50

Now we look at the short side :

Like the author of the article said that before , when pulled into the main time , 100% is the hurdle . RM2.40 enter the main section , it is clear , the level at RM4.80. at RM4.80 more buying , called " Crazy follow suit . "

Although the day is close at RM4.80 over the , but it is definitely the gates of hell , and death to fight , to escape the jaws of death , the best way is to step aside , such as strikes, to take the lead , and then approach the situation uncertain thing !

Blue line , was originally pulled the stock trend , when to RM2 or more , a significant departure from the trend , rising trend to a more oblique . Judging , the trend is the main section .

After the main section , is the ship , then a very low proportion of the main positions , a large number of potential buyers will not continue the main , only Guzhe how to ship . most of the goods are held in the hands of individual investors .

Share price will go back to previous highs , unless there are a lot of goods have not yet finished the main out , or else , will never go back . because a lot of people in the upscale quilt , and then pull back , the main equals saved others , set up their own .

And watching the trend of the stock in the past , the main apparent that a lot of goods , there is no need to pull back .

I can not teach you how to see how the ship before him , or else I really could not finish .

Well , the stock reaches RM4.80 when , in terms of fundamentals , in fact, has been a serious departure from the . fundamental investors will not buy , leaving only technical camp . Technically speaking, however , the price is on Enough power very high . main ship to continue , we must press down , let those who like to come pick up cheap to buy .

Well , since then has been the main sellers of , of course, fewer positions . When the low percentage of the time the main positions , to determine trends , can no longer rely solely on psychological research and play a main , but to study the floating market funds .

( Note : there is no notice , in fact, do not have a way to completely use it in the same stocks ? Dynamic Graphics specializes some people , you will find the same stock , at a particular time can be used , at different times , they do not have access a , analysis wrong . Some professionals who study the way the dealer , discovered quite early prospective , the latter not right . eh ? Of course , in different stages , the main positions in different proportions , the initiative in the hands of different people , necessary to study a different approach . techniques , basic , all you have to learn !)

Well , since the low proportion of the main positions , then we want to see that , that's the long and short sides battle to determine .

SATURDAY, 10 MAY 2014

DSONIC analysis!!!

Recently received a lot of email, has been asked about my views Dsonic, and in fact is really a bit tired of it , before I have to say the article is very clear , the main position than any of you who are beneficial , not win the war , those who have to buy , simply stupid move on to the next dish , to be reflexive , unless you put more money operating it , but still 9 dead a raw it !

There are a lot of people are holding "Where from fell, got up from where we will be," insisted my opinion.

Okay ! I will continue to comment about my views on the stock .

I advocate , is seen through the main operation from the figure , which crack , to make a profit .

Operating a stock , be sure to go through four months process :

Xihuo
Whipsaw
Lord pulled
Ship

Different stocks and properties , you can play with the different technique . Some are 1 and 2 run together , then 3 and 4 and perform together . Some even 1,2,3,4 run together , but you'll see .

Playing the stock market , the best way , is to see the main receipt , you will receive together . patiently until he entered the main section and then shipped .

As to how to see , my previous article has been slightly put twelve , we can refer to .

Good , let's look at Dsonic Figure :

ok my computer system could transfer it into english----

THE ABOVE IS TAKEN FROM UOB KAY HIAN REPORT DATED 09/5/14

SPECIFICATIONS FOR PERISAI’S JACK-UP
DRILLING RIG
- Pacific Class 400 jack-up drilling rig
- Constructed by PPL Shipyard in Singapore
- Has technologically advanced drilling capabilities
- Able to drill high pressure high temperature wells
- Able to drill as deep as 30,000 feet
- Able to operate in water depths up to 400 feet
- Able to accommodate 150 personnel on board
Source: UOB Kay Hian

Price Performance (%)
52-week high/low RM1.72/RM1.25
1mth 3mth 6mth 1yr YTD
(1.3) (8.2) 9.1 22.8 (1.9)
Major Shareholders %
Ezra 16.0
Mercury Pacific Marine 10.6
Izzet Ishak 7.8
FY14 NAV/Share (RM) 0.91
FY14 Net Debt/Share (RM) 0.55

BUY
(Maintained)
Share Price RM1.56
Target Price RM2.00
Upside +28.3%
COMPANY DESCRIPTION
Offshore oil & gas asset owner, who owns
offshore support vessels, a mobile offshore
production unit, a derrick pipelay barge, a
floating production, storage and offloading
vessel and three jack-up drilling rigs.
STOCK DATA
GICS sector Energy
Bloomberg ticker: PPT MK
Shares issued (m): 1,192.7
Market cap (RMm): 1,860.6
Market cap (US$m): 574.6
3-mth avg daily t'over (US$m): 1.4

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Perisai Petroleum (PPT MK)---uob kay hian report,,dated 09/05/14

Drilling Back Home For Three Years
Perisai Petroleum has secured a letter of award from Petronas Carigali on 24 April to
provide its first jack-up drilling rig, Perisai Pacific 101, for three years. This reaffirms
our investment thesis on Petronas’ asset localisation policy. To top it up, the 3-year
contract is certainly encouraging as it will provide Perisai with good earnings
visibility. Maintain BUY. Target price: RM2.00.
WHAT’S NEW
 3-year contract in the bag. Perisai has entered into a contract with Petronas Carigali
(PCSB) to charter its jack-up drilling rig, Perisai Pacific 101, for PCSB’s drilling operations
for three years. Perisai will leverage on Hercules Offshore’s expertise to operate and
maintain the jack-up drilling rig.
 Further strengthens Perisai’s earnings visibility. We are encouraged with the fact that
the contract is for three years long, lifting Perisai’s earnings visibility. We were
anticipating a 2-year contract at best, so the award came in above our expectation. While
no contract values were announced, we believe the charter rates should not be far off the
daily charter rates (DCR) of US$140,000-US$150,000/day given by PCSB in recent
contracts.
 Charter rates should not differ significantly from UMW Oil & Gas’ recent contract.
As a reference, we use UMW Oil & Gas’ recent jack-up drilling rig (Naga 4) contract,
which was chartered out to PCSB last year for three years. The contract was valued at
US$158m, translating into a DCR of US$145,000/day on average over the three years.
Based on our existing DCR assumption of US$150,000/day, we expect Perisai’s
operating profits to be boosted by RM36.8m in 2014 (6-month contribution).
STOCK IMPACT
 Asset localisation theme reaffirmed. We are encouraged by the contract as it
corroborates with our investment thesis on Petronas’ asset localisation policy to grow the
capabilities of local service providers. Perisai will be the second homegrown service
provider to embark on the drilling rig business.
 Upside to 2015 earnings possible. We estimate Perisai’s second jack-up rig could
enhance our 2015 net profit forecast by RM19m (assuming DCR of US$150,000/day for
six months). This would prompt further re-rating for the stock.

Insas (INS MK) --------------------------dated 9//05//14,,

Technical BUY with +21.0% potential return
Last price : RM1.24
Target Price : RM1.36, RM1.50
Support : RM1.18
Stop-loss: RM1.17
BUY with a target price of RM1.50 with stop loss
placed below RM1.17. INS’s share price remains
solid above the immediate support of RM1.18
despite numerous attempts to breach lower over
the last 5 weeks. Following a positive candle that
closed above both the 10-day and 21-day SMA
lines yesterday, we expect a potential shift in
overall sentiment from sideways to bullish. Our
view is supported by the emergence of fresh
buying interest as shown by the higher trading
volume of 15.5m shares recorded yesterday (vs
20-day average of 10.0m) and a surge in
momentum as flashed by a bullish crossover in
Stochastic. Moving forward, we expect INS to
retest the recent high of RM1.36 and
subsequently rise further toward the 1.61x
Fibonacci extension target of RM1.50 over the
medium term.

https://www.facebook.com/778490872166870/photos/a.821022184580405.1073741828.778490872166870/876742789008344/?type=1&theater

BULL RUN MIGHT START SOON

Post removed.Why?

Barakah Offshore Petroleum ----DATED 8/05/14,,UOB KAY HIAN
(BARAKAH MK)
Technical BUY with +20.7% potential return
Last price : RM1.69
Target Price : RM1.90
Support : RM1.60
Stop-loss: RM1.58
BUY with a target price of RM1.90 with stop
loss placed below RM1.58. BARAKAH’s share
price breached the immediate resistance of
RM1.60 on 22 Apr 14 after consolidating in a
tight range since 25 Feb 14. BARAKAH had
climbed and hit a new high of RM1.69 before
profit-taking activity pulled the share price
lower. Nevertheless, the share price remained
steady above the rising trendline, thus last
Wednesday’s retest of the recent high should
signal the potential continuation of the previous
uptrend. Given the uptick in the RSI, positive
momentum should lend support to the share
price so that it can nudge higher and possibly
retest the all-time high of RM1.90 in the near
term

Global Oriental (GOB MK) --------------------DATED 8/05/14,,UOB KAY HIAN
Technical BUY with +20.8% potential return
Last price : RM1.01
Target Price : RM1.11, RM1.22
Support : RM0.940
Stop-loss: RM0.935
BUY with a target price of RM1.22 with stop
loss placed below RM0.935. GOB’s share price
saw a steep correction from the recent high of
RM1.22 to a low of RM0.935 before
rebounding last Wednesday. Given the white
candle has successfully closed above the
50.0% Fibonacci retracement level of RM0.970
after rebounding within the golden ratio of
61.8%, we opine that the recent correction
phase has ended as GOB has also closed
above the 21-day SMA line. The uptick in the
RSI line which resulted in a bullish cross above
the 50pt threshold points signals the potential
emergence of fresh buying interest, thus we
expect the rebound to be sustainable as GOB
is likely to retest the recent high of RM1.22
over the medium term.

Posted by Wong > May 9, 2014 01:35 PM | Report Abuse

Johnny cash...read dsonic forum history...someone mention about it...to be announce on this week...most probably friday....i am not sure also...i buy in 225 this morning for CA lol


YES I KNOW DATASONIC WILL ALWAYS ANNOUNCE NEWS ON FRIDAY AFTER MUSLIM PRAYERS... MAYBE PETROL CARD HA,, MAYBE

PMETAL shooting shooting shooting

Slnvestor---- RM 6 to far lah...must go step by step

Posted by Wong > May 9, 2014 12:56 PM | Report Abuse

Guess we are expecting petrol card award announcement today..

I AM TRYING TO GOOGLE OUT DATASONIC BUT COULD NOT FIND ANY NEWS... THIS PETROL CARD PROJECT IF THEY GET IT,,CAN RHB GIVE A NEW TARGET PRICE HIGHER THEN 4.08???? any members please

PLEASE DO NOT GO NEAR MAS,,DO NOT FALL INTO A TRAP

BUY
(Maintained)
Share Price RM1.94
Target Price RM2.69
Upside 38.6%
(Previous TP RM2.38)
COMPANY DESCRIPTION
MPHB is a general insurance underwriter and
is involved in property investments, with two
hotels under the Flamingo brand. MPHB is a
deep-value stock poised to benefit from the
development of its under-appreciated
landbank in Klang Valley and Johor.
STOCK DATA
GICS sector Financials
Bloomberg ticker: MPHB MK
Shares issued (m): 715
Market cap (RMm): 1387
Market cap (US$m): 428.4
3-mth avg daily t'over
(US$m): 0.6

Post removed.Why?

Post removed.Why?

SCGM (SCGM MK)
Technical BUY with +17.5% potential return
Last price : RM1.54
Target Price : RM1.73, RM1.81
Support : RM1.43
Stop-loss: RM1.42
BUY with a target price of RM1.81 with stop
loss placed below RM1.42. SCGM’s share
price retraced from the recent high of RM1.61
before establishing a new support level at
RM1.43. Given yesterday’s rebound off the
support level on the back of a higher trading
volume of 1.6m shares (vs 5-day average of
0.7m), we expect upward continuation
hereafter. Additionally, the bullish crossover in
Stochastic suggests rising momentum, which
should help push the share price higher.
Moving forward, we expect SCGM to climb
along the price channel with medium-term
upside target pegged at the 1.61x Fibonacci
extension level of RM1.81.

SKP Resources (SKP MK)
Technical BUY with +16.4% potential return
Last price : RM0.365
Target Price : RM0.395, RM0.425
Support : RM0.335
Stop-loss: RM0.330
BUY with a target price of RM0.425 with stop
loss placed below RM0.330. SKP’s share price
has retraced, consolidated and recovered
gradually, forming a bullish reversal pattern of
“cup and handle” over the last 6 months.
Yesterday’s closing above the neckline of
RM0.360 was backed by a much higher trading
volume of 11.9m shares (vs 20-day average of
0.2m) that validated the breakout. The bullish
crossover in both MACD and Stochastic, which
signals a strong momentum ahead, should in
our view push the share price higher. Moving
forward, we peg our medium-term upside
target at RM0.425 using X to X projection
based on the “cup and handle” pattern.

Insas (INS MK)
Technical BUY with +21.0% potential return
Last price : RM1.24
Target Price : RM1.36, RM1.50
Support : RM1.18
Stop-loss: RM1.17
BUY with a target price of RM1.50 with stop loss
placed below RM1.17. INS’s share price remains
solid above the immediate support of RM1.18
despite numerous attempts to breach lower over
the last 5 weeks. Following a positive candle that
closed above both the 10-day and 21-day SMA
lines yesterday, we expect a potential shift in
overall sentiment from sideways to bullish. Our
view is supported by the emergence of fresh
buying interest as shown by the higher trading
volume of 15.5m shares recorded yesterday (vs
20-day average of 10.0m) and a surge in
momentum as flashed by a bullish crossover in
Stochastic. Moving forward, we expect INS to
retest the recent high of RM1.36 and
subsequently rise further toward the 1.61x
Fibonacci extension target of RM1.50 over the
medium term.

AyamTua predictions by bomoh is the last thing me want to follow.. semua TP prediction ja ... end of story.. all tak bolih pakai! kikikikii better do own researches

that is not bomoh my fren

maximum it can go down to 2,,,at the moment strong support 2.25

SCAN BY USING THIS SCREENER,,SURE YOU WILL FIND SOME OF THE ABOVE STOCKS--

http://www.bursamarketplace.com/index.php

AFTER SCREENING PLEASE GIVE YOUR OPPINION ON WHICH STOCK OR STOCKS ARE YOUR CHOICES?????????????

press metal a good stock

http://www.stocktalk2u.com/2014/05/technical-analysis-may-2014-gadang-9261.html

https://www.facebook.com/photo.php?fbid=786263364718275&set=np.85631132.100002496753938&type=1&theater

Post removed.Why?

Key Support & Resistance level
Resistance : RM2.47 (R1) RM2.78 (R2) RM3.00 (R3)
Support : RM2.25 (S1) RM2.00 (S2) RM1.64(S3)
Outlook : Cautious
What does indicator says:
MACD : Bearish
Stochastic : Oversold
RSI : Near Oversold
Trend : Bearish
What should you do:
Strategy : Not Rated
Current Share Price : RM2.31
Fundamental Call
KNK : RM3.80
Consensus : RM2.96

About the stock:
Name : Supermax Corporation Bhd
Bursa Code : SUPERMX
CAT Code : 7106
Market Cap : 1,568.8
52 Week High/Low : 3.08/1.88
3-m Avg. Daily Vol. : 2,705,853.0
Free Float (%) : 56.3%
Beta vs. KLCI : 0.9
Recently, the rubber glove industry hit a speed bum due to the
rising fuel cost as well as the falling average selling price of
natural rubber and nitride gloves. Yesterday, SUPERMX dipped
5.0 sen (-2.12%) to settle at RM2.31. From a technical
perspective, SUPERMX is currently trading near its multi-year
support level of RM2.25. Key indicators are suggesting nearterm
cautiousness and the selling pressure is heavy. Two
scenarios could be derived from the current technical chart: (i)
potential rebound play at its crucial support level of RM2.25; (ii)
Potential breakdown from the support level should see the share
dip further towards RM2.00 next. We are technically biased
towards the latter scenario given the lack of positive leads at this
juncture.

Supermax Corporation Bhd (SUPERMX) – Not Rated----KENANGA TODAY

Recently, the rubber glove industry hit a speed bum due to the rising fuel cost as
well as the falling average selling price of natural rubber and nitride gloves.
Yesterday, SUPERMX dipped 5.0 sen (-2.12%) to settle at RM2.31. From a
technical perspective, SUPERMX is currently trading near its multi-year support
level of RM2.25. Key indicators are suggesting near-term cautiousness and the
selling pressure is heavy. Two scenarios could be derived from the current
technical chart: (i) potential rebound play at its crucial support level of RM2.25; (ii)
Potential breakdown from the support level should see the share dip further
towards RM2.00 next. We are technically biased towards the latter scenario given
the lack of positive leads at this juncture.
Outlook Cautious
Key Resistance level RM2.47 (R1) RM2.78 (R2) RM3.00 (R3)
Key Support level RM2.25 (S1) RM2.00 (S2) RM1.64(S3)
Strategy Not Rated Current Price RM2.31

https://www.facebook.com/permalink.php?story_fbid=785976731413605&id=228799620464655&notif_t=notify_me

do not worry let it flush out sellers first,,,prestariang ROE is strong

EG Industries (EG MK)
Technical BUY with +25.2% potential return
Last price : RM0.535
Target Price : RM0.630, RM0.670
Support : RM0.485
Stop-loss: RM0.480
BUY with a target price of RM0.670 with stop
loss placed below RM0.480. EG’s share price
has gradually rebounded from the strong
support level of RM0.485 following the
formation of a bullish reversal “morning star”
pattern on 2 May 14. In our view, the share
price closing above the 10-day and 21-day
SMA lines yesterday along with a steady
improvement in trading volume indicate an
upward continuation from the recent uptrend.
Backed by a surge in momentum, we expect
EG to retest the recent high of RM0.565 which
if breached is likely to spur fresh buying
momentum and could catapult the share price
towards the 1.61x Fibonacci extension level of
RM0.670 over the medium term.

Prolexus (PROL MK)
Technical BUY with +18.3% potential return
Last price : RM1.53
Target Price : RM1.64, RM1.81
Support : RM1.39
Stop-loss: RM1.38
BUY with a target price of RM1.81 with stop
loss placed below RM1.38. PROL’s share price
retraced from the recent high of RM1.64 to the
low of RM1.37 before successfully staging a
strong rebound over the last two days. PROL
has climbed above both the 10-day and 21-day
SMA lines, which effectively ends the recent
correction phase and kick-starts a new up-leg.
A bullish crossover between the +DI and ADX
lines suggests the start of a new rally while a
positive reading in Stochastic signifies a surge
in momentum which in turn should support the
share price’s further advance. We expect
PROL to retest the previous high of RM1.64 in
the near term, which if breached should trigger
fresh buying interest and lift the stock towards
the 1.61x Fibonacci extension level of RM1.81
over the medium term.

Post removed.Why?

thanks for the report