Regardless of what the TP is, if there is good news and people goreng it, then it will be a good counter for "invetors". Whether or not who is to revise the TP, it doesn't make any difference.
i may be wrong .. usually price will go up when AR is around the corner and few days before AR price will drop right ? ppl usually will push it high first ..
Yesterday Barakah's price breached lower its 20sma and now dipped further toward 50sma; i shall watch closely Barakah's price movement next week and hopefully it will rebound from rm1.73.
you will be surprise...if I look into my crystal ball...this stock is going to jump more before the Saudi contract announcement which is very very very soon..stay tuned.
Despite the TA reading on Barakah showing downward trend, fundamentally speaking i still have faith in Barakah as Maybank and Kenanga has researched Barakah's TP at rm1.85 and 1.98 respectively. as for me i will continue monitor the price movement next week and really hope it wont breach below it's SMA50 line
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....
KAQ4468
21,497 posts
Posted by KAQ4468 > 2014-02-18 23:39 | Report Abuse
you might losing you money in Alam...but not in Barakah