guys, next week press metal if goes up, there will be activities in lbalum and arank, but i recon arank, cause arank will be the closest comparable to pemtal!
A-Rank (ARNK MK) Technical BUY with +18.3% potential return Last price : RM0.600 Target Price : RM0.640, RM0.710 Support : RM0.565 Stop-loss: RM0.560 BUY with a target price of RM0.380 with stop loss placed below RM0.295. Following a correction from the recent high of RM0.710, ARNK’s share price has established a strong support at RM0.565 after twice rebounding over the past 5 weeks. Given yesterday’s gapup on the back of a slightly higher trading volume of 0.4m shares (vs 20-day average of 0.1m), the share price has managed to close above both the 10-day and 21-day SMA lines, suggesting that the current rebound may shift toward a bullish reversal in the near term. The MACD histogram is approaching the zero line while the bullish crossover that has formed in Stochastic suggests improving momentum, which may in turn push the share price higher. A positive closing above RM0.610 may ensure upward continuation as ARNK may retest the previous high of RM0.710 in the medium term.
Arank closed on a high momentum with healthy volume and if tmr it manage to scale above 0.71 with volume than further resistance will be 0.755,0.785 and 0.83.Low PE and with good dividend yield of 3.62% compared to Lbalum. Currently the aluminum sector is attractive.
A-Rank (ARNK MK) Technical BUY with +17.6% potential return Last price : RM0.680 Target Price : RM0.710, RM0.800 Support : RM0.655 Stop-loss: RM0.635 BUY with a target price of RM0.800 with stoploss below RM0.635. Given our earlier BUY call on 12 Jun 14 at the price of RM0.600, ARNK’s share price has continued climbing higher and is approaching our initial target of RM0.710 after the share price closed at RM0.680 yesterday. We expect further upside potential following yesterday’s gap-up on the back of a higher trading volume of 2.5m shares (vs 20-day average of 0.5m), signifying a breakaway gap as the share price established a new up-leg. Additionally, the bullish crossover in both MACD and Stochastic suggests the presence of a strong momentum which in turn is likely to boost the share price. We expect the uptrend to continue as the ARNK consistently rises along the advancing trendline and trades above both the 10-day and 21-day SMA lines. We peg our mediumterm target at the 1.61x Fibonacci extension target of RM0.800. Timeframe: 1 week to 1 month
omg i just realise your name is CariAyam .... are you looking for chicken? no I didn't lose money.... i had high expectations... that's all. If lose money it would be @#$%^&*()(*&^%$#$%^&*( not just grrrr
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....
kewyy
76 posts
Posted by kewyy > 2014-04-24 12:47 | Report Abuse
Your mean have another chance??