i dont know how the money flow worked, i bought this because of 1. the ipo is near once reached the momentum will burst 2. the chart weekly breakout and seems good if do not look at daily chart, 3, ablegroup is what is missed because i sold early even though i got 30% returned still i missed the 80%
Surprise!!! Subsidiary, Minda announced latest qtr profit after so many quarter of losses. Smrt should be positive next week. They should also announce positive quarterly results next week.
4th Qtr just came out. Profitable, after so many quarterly loss. Tomorrow trading should be strong uptrend. Looking at their associate Minda surged 100% past couple of days.
Technical Buy - SMRT (0117) Author: PublicInvest Publish date: Wed, 14 Apr 2021, 9:47 AM
Target Price: RM0.210, RM0.225 Last closing price: RM0.185 Potential return: 13.5%, 21.6% Support: RM0.175 Stop Loss: RM0.150 Possible for further upside. SMRT is attempting to pick up its prior uptrend. Improving RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in the near term. Should immediate resistance level of RM0.195 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance levels of RM0.210 and RM0.225.
However, failure to hold on to support level of RM0.175 may indicate weakness in the share price and hence, a cut-loss signal.
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....
lianhai1996
149 posts
Posted by lianhai1996 > 2021-03-11 01:03 | Report Abuse
if it can reach 0.18 it will be beautiful