this sealink seems stagnant and not moving at all... but low volume low buyer low seller... low in everything... time to collect... time to hold and wait for some speculator to come in and move the stocks up
Sealink International -------------------16//05//14 uob report (SELI MK) Technical BUY with +24.6% potential return Last price : RM0.505 Target Price : RM0.590, RM0.630 Support : RM0.480 Stop-loss: RM0.465 BUY with a target price of RM0.630 with stop loss placed below RM0.465. SELI’s share price rebounded off the rising trendline on 5 May 14 before forming a “bullish harami” pattern and has been climbing in the last 7 days. The notable presence of fresh buying interest as shown by the higher trading volume of 3.2m shares yesterday signals a likely positive follow-through which may retest the previous high of RM0.530 in the near term. The bullish crossover in MACD suggests an upward continuation hereafter as SELI should in our view resume its long-term uptrend. Moving forward, we peg our medium-term target at 1.61x Fibonacci extension level of RM0.630.
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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....
skyhawk
4,453 posts
Posted by skyhawk > 2014-02-10 18:00 | Report Abuse
Hattorihanzo.....m rd on board today.The stock is getting ready to fly.....Cheers!!!