If the project/contract secured have high value, will definitely boost THHEAVY ratings. Might retest recent high 0.93 - 0.95 - 0.97 lvl and ultimately break the RM1.00 target lvl if the big players go all in to make THHEAVY one of the big players darling in O&G sectors and not just small penny stock only.
From latest big players buying strength, already broke recent high this morning at 0.93 lvl and currently supporting at 0.915 avg transaction at 0.919. If today closing higher AVG close to 0.925... possible to go higher to 0.95+/- lvl since good news coming soon and big players still game on. As usual set own risk and profit taking plans. Good luck.
I personally expect this counter will touch 1.20 by end of feb. or early much once a very big project will be announced,the one just awarded project will be announced soon..haha..sound so optimistic..wait and see..........every dog has its day...
TH Heavy Engineering (RH MK) Technical BUY with +18.7% potential return Last price : RM0.91 Target Price : RM0.975, RM1.08 Support : RM0.86 Stop-loss: RM0.85 BUY with a target price of RM1.08 with a stop loss below RM0.85. Share price has consolidated lower following a failed attempt to remove the RM0.975 barrier. Yesterday’s 3.5- sen gain on the back of a higher trading volume of 13.4m shares (vs 20-day average of 6.4m) potentially starts a new upleg, given the “rising window” followed by the formation of “long days”, hence suggesting a minor breakout. A bullish crossover in Stochastic and a positive closing above both 22-day and 60- day SMAs further reaffirm our bullish outlook. A closing above RM0.975 should spur fresh buying interest and catapulting the share price towards the 1.38x Fibonacci retracement target at RM1.08 in the medium term.
Big players from last year Nov & Dec play very aggressive able to push up + 0.065 with big vols from 0.915 till 0.97 & from 0.88 till 0.94 in single trading day.
From latest 29-30/1/14 big players play.. they are back and start pushin up higher again. After CNY holiday, next week tuesday onwards more exciting play expected.
Big players target main shares to go above RM1.. warrant later only play catch-up as usual but also depends on the big players direction. Safer bet of coz main shares. If market pick up strength after CNY, good news play & financial qtr result +ve end of February.. shouldn't be any problem for the big players to push THHEAVY up more than RM1+.
Yup..but not so many people contra for this counter..by the time you wait for the price go deep, the other people will increase the number of share...think twice..
affordable slightly expensive yet better prospect than sumatec and cheaper compare hibiscus spac (for oil and gas themes punters/investors) .. thheavy has it owns fundamental values comparable to pantech ..
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....
fhis
1,207 posts
Posted by fhis > 2014-01-29 16:42 | Report Abuse
looks like last minute push to close high...i am buying some more -wa for romorrow...