Perdana is taking a breather after the recent run-up. I think it's time to accumulate. Volume is low though but its time to bargain hunt at current levels.
By HLIB Research 20/11/12 Perdana: Poised for a technical rebound
§ Perdana prices surged from a low of RM0.48 (23 may) to a 52-wk high of RM1.04 (30 Oct). Thereafter, profit taking corrections sent prices lower to as low as RM0.915 (6 Nov) before ending at RM0.93 yesterday. So far, profit taking activities were well absorbed as share prices are able to close above immediate supports of RM0.89 (50% FR) and RM0.915 (6 Nov). More solid floor is RM0.87 (50-d SMA).
§ As technical indicators are grossly oversold, momentum should pick up once the RM0.945 (20-d SMA) is taken out. The next upswing is RM0.98 (38.2% FR), followed by RM1.10 (23.6% FR). More formidable resistance is near RM1.14 (200-w SMA).
§ As MACD histogram bars and slow stochastic readings are bottoming up whilst RSI is above the 50 zones, we think the bulls are slowly making a comeback. Cut loss at RM0.86.
Minitrader: Perdana fly just bcos the Mother-Dayang declared +90% good performance 3Q12 resutls + 5c 2nd Interim Dividend. Its nothing to related with Perisai.
Dayang was holding Perdana 19.09% share, means the Associate profit contributed from Perdana is fantastic. Hence, Perdana next coming results is also good , thats y MM pushing Perdana too.
Now , Dayang +5c , 2.32 , Perdana +3.5c , 96.5c ... both I also hv
This is one of my regrets. It was in my list in April, plus Petra Energy, Wah Seong, Deleum etc. Good selections but I didn't buy, unfortunately. The biggest regret is Petra when it was at 1.15 or so.
One easy way is to look at the weekly PE ratio, Dividend yield and Net Tangible Asset of different counters, plus the one-year high and low. This info is in The Star on Saturdays. Try find the price range over a longer period - five years would be good. That's how I came across and decided on Scomi Group when it was at 0.215, among others.
Another method is through this forum itself. Often, you'd get alerted to some potential counter. See the comments and then decide whether the stated counters might be a good investment. This is one of the reasons why I come here regularly - a lot of information and good opinions.
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minitrader
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Posted by minitrader > 2012-11-09 11:20 | Report Abuse
probably this stock is nesting lah bro...