no direct information why the price is pushing up... didn't we see a good chance to grab the shares before any news coming out? As a matter of fact, no news... price up.. good news... if news up... TP up again... never look back.. grab it now... last shipment... i believe... if up till 0.80... will be hard to buy again...
this stock remain a good stock to keep though it might be like suma.... need more time to go .... tp still 80c to RM1. I will only start selling once above 0.80...hehe
Sealink in big picture is wave 4 consolidation, it show support level at 38.2 fibo support level, typical wave 4 fibo level is 38.2 of wave 3 length. MACD showed hidden divergent and it is strong indication swing up is coming. Buy now at 60 sen 1st profit taking is 65sen 2nd profit taking is 80 sen
seems like sealink is back for a rally... though it take time... i still believe my fundamental checks on this counter. It should be back to my TP 0.80.
Sealink International-----------yesterday report (SELI MK) Technical BUY with +23.0% potential return Last price : RM0.605 Target Price : RM0.650, RM0.745 Support : RM0.565 Stop-loss: RM0.560 BUY with a target price of RM0.745 with stoploss below RM0.560. Following a steep correction from the high of RM0.745, SELI’s share price has met support at RM0.565 (previous high) as the share price rebounded from the 50.0% Fibonacci retracement level. We opine that the selling pressure has been fully absorbed amid the presence of a “bullish divergence” between the share price and Stochastic. SELI also rebounded off the rising trendline and managed to close above the BBI line for the first time since 22 Jul 14, signalling a significant change in the short-term outlook to bullish. The emerging interest as shown by the higher trading volume as SELI formed a bullish cross engulfing should translate into a reversal from the recent correction to the new up-leg. We set the previous peak of RM0.745 as our medium-term target. Expected Timeframe: 3 weeks to 3 months
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Lim Bobby
4 posts
Posted by Lim Bobby > 2014-07-08 14:31 | Report Abuse
I go with will6677