Yesterday, THHEAVY advanced 4 sen to close at 92.5 sen. As a result of the bullish move, share price has departed from its upward sloping trend line to mark the start of another upcycle. Furthermore, the MACD has also completed a bullish crossover with the signal line, while the Stochastic and RSI indicators have both hooked upwards into the bullish territory. These factors suggest further upside and we believe that the share price is likely to retest the 96.5 sen resistance (R1) yet again. Should this level be taken out next, we would then expect THHEAVY to extend its rally towards RM1.09 (R2) further up.
the awards of t&i is for package A,B,C,D & E?i noted that two packages is exclusive for local bidder..but package C,D & E is open to international player..if the package C,D & E is still not announce i think there is still chance for mcdermott..if not,lets wait for the FEED project..
Left this counter a few months. Thinking of taking position next year but THH is revisiting 100% oversold sooner than expected. See tomorrow any further pullback.... Support 0.85 resistance 0.90
this counter is same as china stocks . Take u for a ride n clean u penniless . Break new high n can then reverse . Sandiwara , buyer n seller also same bum .
ya ka? they've been talking and talking and talking about the contracts for many, many moons already... till next moon cake month also dont know whether will materialise...
if im not mistaken,thheavy is bidding for the nosong FEED project...there are 3 bidder,MHB,SKPETRO n THH..i think there is no announcement regarding the project..and also,i read in an article talk about the vessel..when talk about vessel,thh has a fpso vessel and anytime thh may secure huge project related to the fpso..so,just be patient..thh,mhb n skpetro is in the same business..it is not impossible for thh become like mhb or skpetro..in my point of view..
I'm using simple analysis. Price up since last Friday 0.85 till highest yesterday 0.915 with good vol. Big players re-enters based on the buyer strength vol. Today is T+3/4. After contra kakis sell off.. possible price to move up back if the big players direction is pushing up > 0.90++.
- For Technip Consultant (M) Sdn Bhd, the French-based group already has a strong relationship with Malaysia Marine & Heavy Engineering (MMHE) via its 8% equity stake in MMHE and multiple joint-ventures in Petronas’ projects. But the other 3 engineering companies- Perunding Ranhil Worley, RNZ and MMC Oil & Gas- do not have singular links with domestic fabrication yards. This means that they are likely to work with other fabricators such as SapuraKencana Petroleum and TH Heavy Engineering who have proven capabilities in engineering, procurement, construction and commissioning services.
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....
jt5774
579 posts
Posted by jt5774 > 2013-12-10 21:15 | Report Abuse
All chart indicators such as RSI, SC, MACD & etc turn positive, and it should cross the 1.00 mark soon if base on TA.