Vis made a turnaround. Good 4th qtr result(profit) and 2014 financial year. Semicon business on road to recovery. Hope price can go back to 26 and above 30 soon!
Vis has been uptrending from 27.5 sens last week and hovered around RM0.3. Accummulation has been between RM0.3 and RM0.305. Foresee it may hit RM0.325 provided it breached RM0.31 with substantial volume. TP RM0.325
You are right. In fact, when I bought in and was in the midst of writing for my midweek update to be published tomorrow, I did not expect it would move up so soon. Enjoy the ride!
ImCK thank you. Not master. Just doing my part in sharing the limited knowledge I have.
Please take note - Contra Picks: Vis hit a high of RM0.0.355. I sticked to my contra trade plan and have taken profit at RM0.35. Although the volume appears to be still upwards trending, please remember to set your own trailing stop.
iPlay afraid I have already taken profit. Usually once I have taken profit, I will not reenter the counter no matter how bullish unless there is fundamental value to it which may trigger a potential rerating. The exuberance of counters which shoot up all the way like Vis, I have difficult time grasping it. There may be some underlying reason. Good luck in your trade decision.
Thank you Tradeview. I was fortunate to sell off at .415 ............. ............. ............. Tradeview, so which is your next counter to attack! Thanks
iPlay thanks. Congrats on selling and taking profit. Requires good discipline. I will track the shares I trade as per my blog posting. If you want the update ahead of time, you can drop me an email to request for weekly update. In terms of contra picks, I have some in mind but would like to observe the overall market sentiment first as the supprt of KLCI at 1840 is not solid enough. So far the only mid to long term pick I am looking at is SHL. Will be doing a write up next week.
i like the company - CSL http://www2.cslgroup.co.id/ - check out the website, it's pretty much the next Dsonic/ IRIS but Indonesia - gives a fresh breath to our local markets as a RTO play in comparison to China counters. they do passports, smartcards , and half of the Indonesian simcards are done by them, and that's huge if you look at the population. the stock should be quite cornered, as there are only 110 mil shares, free float quite little, quite a cornered a stock as well.
but overall markets in general consensus are down anyway, hence the pull back is quite expected, rather than to fight the storm, accumulate on the low, i think now the general direction is not much more on VIS anymore but the future prospects of CSL instead
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