Good tip.. Manage to get free breakfast, lunch and possibly dinner today... Now to cocentrate on GHLSYS for possible free food for the week end.. Everything so expensive now maaa..
A&M Realty (AM MK) ---------------------------10//04//14 Technical BUY with +17.6% potential return Last price : RM1.25 Target Price: RM1.39, RM1.47 Support : RM1.18 Stop-loss: RM1.17 BUY with a target price of RM1.47 with stop loss placed below RM1.17. Following a successful breakout above the strong resistance of RM1.18 (now support) on 31 Mar 14, AM’s share price has created a new high before consolidating within RM1.18-1.26 in the last 8 days. Given that the “dragonfly doji” pattern was formed on 8 Apr 14 and was followed by a positive closing yesterday, this has confirmed a bullish reversal pattern. As buying interest has reemerged, as seen from yesterday’s higher trading volume of 1.7m shares (vs 5-day average of 1.1m), we expect the share price to be ready to resume its previous uptrend which is likely to be supported by improving momentum, as flashed by an uptick in RSI. Moving forward, a positive closing above RM1.26 should propel the share price toward our medium-term target, which is pegged at the 1.61x Fibonacci extension level of RM1.47.
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....
sephiroth
14,145 posts
Posted by sephiroth > 2014-01-10 10:02 | Report Abuse
gaining momentum again