Jimstock, I think there must be some thing going on otherwise the counter won't go up like this for 2 days in a row...........................what is ur opinion? Trade at own risk.
Vin vin, Initially i thought to sell those bought at 1.80 not long ago when price hit 2.1 perhaps tomorrow. Now i will hold on to see any good news behind. i have same thinking like you, this time is different but don't know what is coming up.
No jimstock, I've a few favourite stocks in my portfolio like Maybank, CIMB, Axiata n Aeon besides Pwroot n also keep some penny stocks for short term trading. As Aeon is now giving a dividend of 22 sen n also bonus n shares split, I'm trying to accumulate it as much as possible whenever the price drops.
interesting : "Meanwhile, See also says that Power Root will enjoy a gain of around RM10mil in FY15 from its property division, where it has developed shop lots on some of its land in Pasir Gudang, Johor" 10million additional to 38.7million in FY2014, we are expecting at least 25% bottom line grow + estimated 10% F&B business growth, its likely Pwroot will grow 35% profit in the coming FY15. I will hold at least for another year.
"Cup & Handle" chart pattern breakout. If you drag the chart further back to June 2013, even better with "Double Bottom" pattern. Nice juicy C-cup sizes, which should give investors an erection all the way towards RM2.72 :)
Power Root (PWRT MK) Technical BUY with +17.0% potential return Last price : RM2.35 Target Price : RM2.59, RM2.75 Support : RM2.22 Stop-loss: RM2.14 BUY with a target price of RM2.75 with stop loss at below RM2.14. The stock has been climbing along the steeper uptrend line as share price has successfully broken out above the “cloud” on 12 May 14. Another breakout above the immediate resistance of RM2.22 (current support) on 26 Jun 14 has spurred fresh buying interest as PWRT sailed past its 52-week high last Friday. Fuelled by rising trading volume and a positive closing above the 10-day and 21-day SMA, PWRT is likely to head upwards, backed by stronger momentum as shown by a bullish crossover in the MACD. Additionally, a bullish crossover between +DI and the ADX line should in our view indicate a stronger uptrend movement ahead. We peg our medium-term target price at 1.61x Fibonacci extension level, or RM2.75.
Vincent Khaw, don't worry as this is a good counter for medium n long term investments as I still have 20,000 shares left to keep as investment. As I didn't have excess fund the other day to purchase Aeon so I sold some to swap for Aeon. Trade at own risk
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....
vinvin
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Posted by vinvin > 2014-05-13 09:20 | Report Abuse
Jimstock, I think there must be some thing going on otherwise the counter won't go up like this for 2 days in a row...........................what is ur opinion? Trade at own risk.