Highlights / Stock Picks of the Day-----------kenanga today 24//04//14 Muda Holdings Bhd (MUDA) – BUY Yesterday, MUDA rose 26 sen (+15.85%) to RM1.90 on high trading volume. Investors were bullish on the stock, due to its strong earnings rebound and a catch up on valuation. The bullish move has caused a breakout from a “Bullish Penannt” chart pattern, hinting that the share is poised to enter into another round of rally. In fact, the MACD has issued a buy signal yesterday and suggested an increase in buying momentum. Traders who look to buy into the share should target to take profit at RM2.43 (3 bids below the Pennant measurement objective of RM2.45), while employing a protective stop-loss at RM1.65 (3 bids below the RM1.68 support level). Outlook Bullish Key Resistance level RM2.00 (R1) RM2.25 (R2) RM2.49 (R3) Key Support level RM1.68 (S1) RM1.50 (S2) RM1.33 (S3) Strategy BUY Current Price RM1.90
Highlights / Stock Picks of the Day ---------KENANGA DATED 24//04//14 Muda Holdings Bhd (MUDA) – BUY Yesterday, MUDA rose 26 sen (+15.85%) to RM1.90 on high trading volume. Investors were bullish on the stock, due to its strong earnings rebound and a catch up on valuation. The bullish move has caused a breakout from a “Bullish Penannt” chart pattern, hinting that the share is poised to enter into another round of rally. In fact, the MACD has issued a buy signal yesterday and suggested an increase in buying momentum. Traders who look to buy into the share should target to take profit at RM2.43 (3 bids below the Pennant measurement objective of RM2.45), while employing a protective stop-loss at RM1.65 (3 bids below the RM1.68 support level). Outlook Bullish Key Resistance level RM2.00 (R1) RM2.25 (R2) RM2.49 (R3) Key Support level RM1.68 (S1) RM1.50 (S2) RM1.33 (S3) Strategy BUY Current Price RM1.90
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....
btin2716
5 posts
Posted by btin2716 > 2014-03-06 17:58 | Report Abuse
Ya lar, why increase so much???