Cash and bank balance increase some more to RM 94.5m with no borrowing!!! Company starting to make profit ...sign of turnaround ...time to accumulate...
HIL closely related to US. Currently affected by Russia-Ukraine crisis... I think. So, investor is very careful now when they see US-related stock. Just pray Russia and Ukraine settle their crisis in a good way.
HIL Industries (HIL MK) ------------------------dated 12//03//14 Technical BUY with +15.9% potential return Last price : RM0.630 Target Price : RM0.680, RM0.730 Support : RM0.585 Stop-loss: RM0.580 BUY with a target price of RM0.730 with a stop loss placed below RM0.580. HIL’s share price has been consistently climbing higher in tandem with the rising 10-day and 21-day SMA lines since 3 Jan 14. HIL, however, tested both SMA lines on 28 Feb 14 but the share price remained steady and gradually recovered before registering a breakout above the recent high of RM0.600 yesterday. The presence of a higher trading volume of 2.2m shares (vs 20- day average of 0.6m) suggests the presence of stronger buying interest. Given the growing momentum, we expect the share price to continue climbing higher and thus peg our upside target at the 1.61x Fibonacci extension level of RM0.730 in the medium term.
Thanks SANG-JERO. We are still holding this because the syndicate has yet to come in. Once they come in we will dispose it quickly and let them support the price. This is wat we can do to prevent kena gigit.
No worry cutie. Lets discuss a bit about figure to gauge the pulse.
Remarks: Based on TA, probably the practisioner will advise you that yesterday chart shown the HAMMER to hammer down the price. I got totally different view on that.
Yesterday transaction was 1,345,300 shares with logic buying rate. Try to gauge current statistic at 4/4/2014 11:27am.
Changes:--- -RM0.020(4 bids) Buy rate:--- 5% (fully reflect the SELLING activity) Total trades by minute:--- 10 transaction in minute block Required money to breakeven at RM0.660:--- RM39k (it is low to clear the BETA level)
My personal prediction is the selling would be just a short while. And the counter will make a strong come back after some general market CORRECTION.
COMMENT: FIRM BUY on HIL when the trade is low and BUY RATE below 15%.
On the current date Hil industries Position is Long - Strong Buy based on Medium Term analysis and is Long - Strong Buy based on Long Term. Asset "Volatility Risk" is Medium and "Liquidity Risk" is Very High. In the Medium Term, Bullish phase is advancing, a short term positive price move is expected. In the Long Term, Bullish phase is advancing, a short term positive price move is expected.
HIL will move higher to 76 first TP. A%M have gone up a lot already....it is time for HIL to move now. Buy now at 65. Cash rich counter and business getting better.
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....
davidkkw79
5,068 posts
Posted by davidkkw79 > 2014-03-03 09:06 | Report Abuse
such as good new, but share price still wouldn't up... sigh