SCICOM, BB10 today open >15%, share price soared to break the ceiling level, with high volume. It had been identified as classical buy signal, the share price will continue breaking new high.
Scicom MSC (SCIC MK) Technical BUY with +23.3% potential return Last price : RM0.870 (RM0.800 ~ RM0.870) Target Price : RM0.955, RM1.03 Support : RM0.765 Stop-loss: RM0.760 BUY with a target price of RM1.03 with a stop loss placed below RM0.760. SCIC’s share price has been rising steadily along both the 10-day and 21-day SMA lines in the last 5 months. As the share price consolidated from the recent high of RM0.830, it had established strong support at RM0.765 before yesterday’s surge placed the share price in new territory. The breakout is genuine given the relatively higher trading volume of 4.2m shares (vs 20- day average of 1.2m) recorded. In view of the bullish crossover in both MACD and Stochastic, we envisage upward continuation hereafter and thus peg our upside target at the 1.61x Fibonacci extension level of RM1.03 over the medium term. However, conservative investors may try to accumulate lower within the RM0.800-0.870 region on profit-taking activity expectations to reduce overall risk.
wao.....awesome Johnny Cash. So impressive analysis. Hope 1 day I can become like you. Envy your analytical skills Wish you earn big from SCICOM, and can have some donation to the unfortunate group outside.
I got no specific house or centre. Usually I join company's or simply walk in through newspaper to assist and with monetary as well. I start with small donation, hope will continue with bigger and bigger soonest. chinapress and berita harian also quite serious in financial request (for illness group).
To list a few: Low PE = 12, high divident payout ratio >50%, Zero debt, get more Government project & training, high potential growth company. CEO bought RM3m+ shares recently in end Mar (accumulate 21%+) on Bursa annoucement, research more if want to justify worth buy or not. Expected Q1'14 EPS = >2cent+, TP = RM1.20
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jester
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Posted by jester > 2014-02-26 11:45 | Report Abuse
Hopefully can see more action in later PM. haha