Century Logistics Holdings (CLH MK) Technical BUY with +14.0% potential return Last price : RM2.63 Target Price : RM2.76, RM3.00 Support : RM2.48 Stop-loss: RM2.47 BUY with a target price of RM3.00 with stop loss placed below RM2.47. CLH’s share price has consolidated below the “cloud’ in the past 5 weeks before establishing a support level at RM2.48. Following two consecutive days of rebound, the current correction should have ended. This is consistent with the emergence of fresh buying interest as the trading volume has shown some improvement in the last 3 days with momentum gradually lifting the share price. The bullish crossover between the “tenkan” and “kijun” lines, an uptick in “chikou” and a breakout above the “cloud” yesterday signal the end of the previous correction and the start of a new uptrend. Moving forward, we expect the share price to nudge higher as we peg our medium-term upside target at the psychological level of RM3.00.
James, I regret that did not sell off during recent rumours on the take over . it reach 2.62 recently... my cost is 2.65 . now chat lat liao. need to see what actually happen to this counter . suspect the change over share between the director thru the market
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....
breadman
310 posts
Posted by breadman > 2014-02-27 01:20 | Report Abuse
greatman..u are right~~ =)
In-lined with mine..