FABER: Technical rebound from grossly oversold position • At RM1.33, Faber is trading at 7.1x FY13 earnings and offers an attractive dividend yield of 6%, supported by netcash per share of RM0.69. Technically, Faber is grossly oversold and indicators are bottoming up, suggesting near term technical rebound. • Immediate upside target is RM1.40 (mid Bollinger band) and RM1.45 (30-d SMA). A breakout above RM1.45 will spur prices higher to RM1.51 and significant resistance of RM1.59 (200-d SMA). Supports are RM1.25-1.28. Cut loss below RM1.23.
Source: Hong Leong Investment Bank Research - 14 August 2012
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....
ngohieng
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Posted by ngohieng > 2012-08-10 09:28 | Report Abuse
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