(SYMH MK) Technical BUY with +28.6% potential return Last price : RM0.245 Target Price : RM0.275, RM0.315 Support : RM0.225 Stop-loss: RM0.215 BUY with a target price of RM0.315 with stop loss placed below RM0.215. Following the earlier rebound on 6 May 14, SYMH’s share price had advanced to RM0.275 before it became unable to sustain the momentum as the share price gradually slid lower before establishing a new support at RM0.225. SYMH trading volume has plunged from the recent high of RM0.275, suggesting selling pressure has eased as the share price has been treading inside the “cloud” in the past 7 days. However, yesterday’s “bullish engulfing” on the back of a slightly higher trading volume (10.3m shares vs 10-day average of 5.5m shares) signifies a reversal from the current correction. An uptick in RSI and a bullish crossover between +DI and ADX suggest a surge in momentum and the potential start of a new uptrend. Given the positive closing above the “cloud”, we expect SYMH to nudge higher and potentially retest both the previous high at RM0.275 and RM0.315 thereafter.
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....
SharkBooster
1 posts
Posted by SharkBooster > 2014-06-30 21:57 | Report Abuse
December? very long time to go..