Cuscapi (CUSC MK) Technical BUY with +28.0% potential return Last price : RM0.405 Target Price : RM0.460, RM0.520 Support : RM0.380 Stop-loss: RM0.370 BUY with a target price of RM0.520 with stop loss placed at below RM0.370. CUSC’s share price has been trading below the medium-term downtrend line since 6 Nov 13. As the share price consolidated within the "symmetrical triangle" pattern, yesterday's strong gain on the back of a higher trading volume of 4.1m shares (vs 20-day average of 0.7m) suggests strong interest and could lead to an upper breakout in the near term. This is consistent with growing momentum as shown by positive readings in both MACD and Stochastic which in turn could push the share price higher. Nevertheless, a positive follow-through from here onwards likely signifies upward continuation of the uptrend. We peg the medium-term upside target at the previous high of RM0.520.
frankly say, if they diversified their businesss,BIG possibilities to achieve 50-60.even iris much cheaper than this.so in my pov,this is overvalued stock.
Franky foo: haha,if this ship is going to sink, i will give an alarm to everybody here.but so far the chances to boost are too small and to sink also too small since their software are moat.fair value maybe around 20c or less.
be careful with this company, i pulled out my bullets earlier this year as the management is not efficient, even the gross profit margin is high, the company used up all the profit in admin. Unless some other catalysts stimulate the price.
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....
awang87
338 posts
Posted by awang87 > 2014-06-19 15:45 | Report Abuse
dah lama mati pucuk, ini kali-lah!