KUALA LUMPUR (May 4): AllianceDBS Research said Trive Property Group Bhd (Trive) had on May 3 traded higher to 17 sen before closing unchanged at 16 sen.
In its evening edition yesterday, the research house said Trive crossed over the 20-day MA line on May 3 after spending 6 days between the 20-day and 50-day moving average lines.
“Following the unchanged settlement on May 3, the stock is likely to move lower with immediate support at 15.5 sen.
“A fall below 15.5 sen would put pressure on the stock down to the subsequent support zone, 13.5 sen – 14.5 sen.
“The hurdle is pegged at 17.5 sen. A crossover of 17.5 sen should see further price rise to the next overhead resistance zone, 19 sen– 21.5 sen,” it said.
AllianceDBS Research said stock volume traded on May 3 was 37.8 million shares compared to the 3-month average volume of 24.8 million shares.
The research house said that indicators wise, the MACD was below the 9-day moving average line with the sell signal remains intact.
It said the relative strength index indicated that the stock was currently in a neutral zone.
I still have profit but with all jv and project line up this stock actually can increase higher. just because it cheap stock, ppl tend to contra causing the price down.
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....
POONJ
947 posts
Posted by POONJ > 2017-05-03 16:05 | Report Abuse
Zzzzz...