Kuantan Flour Mills (KFM MK) Technical BUY with +28.8% potential return Last price : RM0.545 (RM0.500 ~ RM0.540) Target Price : RM0.600, RM0.670 Support : RM0.490 Stop-loss: RM0.485 BUY with a target price of RM0.670 with a stop loss below RM0.485. KFM’s share price had been rising consistently above both the 10-day and 21-day SMA lines since 26 Dec 13 before it met the resistance level of RM0.550 on 7 Mar 14. The share price retraced lower before recovering gradually and looked set to retest the immediate resistance level of RM0.550 yesterday. Despite falling short, upward continuation is expected after much stronger buying interest was registered yesterday as KFM recorded a trading volume of 3.7m shares (more than 4 times the 20-day average). Given the bullish crossover in Stochastic and an uptick in +veDI line, which in our view suggests a strong upward movement ahead, we peg our upside target at the 1.38x Fibonacci projection of RM0.670 over the medium term. Investors also may opt to accumulate lower within the RM0.500-0.540 region on expectation of profittaking activity aimed at lowering overall risk.
every years financial losses. no good company. negative finance. no dividend. make your research. think wisely. this share only for gambling and manipulated.
Based on Par value at RM 0.50, and warrant being exercised at large at RM 0.51 exercise price.. And a private placement that is to be announced soon (private placement must be above RM 0.50 which is the par value - minimum case is RM 0.51)
So... the downside is quite minimal, as in calculated risk
it will..no prob..par value RM1 ...but even autoair choose to delist even they got the chance to reduce par value... KFM will be diff since got the development.. buy all u can! ..
kyosan it will..no prob..par value RM1 ...but even autoair choose to delist even they got the chance to reduce par value... KFM will be diff since got the development.. buy all u can! .. 26/02/2015 15:43
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....
alectay
27 posts
Posted by alectay > 2014-02-14 11:30 | Report Abuse
willing to moved