ref to my reply HanSolo "alamak, why went down again?" >>> I replied... "drop buy some more ma!" . I am unable to track that posting. I shall be specific here to say that the drop level is now around 2.03....which is well supported and looks like a good entry level.
Brem Holdings (BREM MK) Technical BUY with +22.6% potential return Last price : RM2.12 Target Price : RM2.38, RM2.60 Support : RM2.01 Stop-loss: RM1.99 BUY with a target price of RM2.60 with stop loss placed below RM1.99. BREM’s share price had consolidated in a tight range of RM2.01-2.08 in the last 5 weeks before yesterday’s 10-sen surge on the back of a higher trading volume of 0.76m shares (vs 20- day average of 0.18m) signals the end of the current consolidation. With the “tenkan” line almost intersecting with the “kijun” line, we expect a positive follow-through to validate a new up-leg. The rising momentum as shown by a bullish crossover in Stochastic along with an uptick in both the +DI and ADX lines suggests upward continuation hereafter. We peg our medium-term target at the 1.38x Fibonacci extension level of RM2.60.
Brem Holdings (BREM MK) Technical BUY with +19.0% potential return Last price : RM2.17 Target Price : RM2.38, RM2.60 Support : RM2.04 Stop-loss: RM2.01 BUY with a target price of RM2.60 with stoploss below RM2.01. BREM’s share price has been consolidating in the tight range of RM2.01-2.12 in the past 10 weeks. However yesterday’s breakout above the immediate resistance of RM2.12 on the back of a higher trading volume of 1.3m shares (vs 20-day average of 0.2m) signifies the creation of a new up-leg. As the share price surges above the “cloud” and upward sloping 10-day and 21- day SMA lines, we expect upward continuation from here onwards. Additionally, the positive MACD and Stochastic readings suggest a stronger momentum which could lift BREM toward our medium-term target at the 1.38x Fibonacci extension level of RM2.60. Timeframe: 2-weeks to 2-months
The stock looks like "under control" and already in some tight hands able to dictate the movement. Small timers just have to be patient and ride with the swings. For today's opening July 10, price from 2.18 at last done at 9.01 am can move to 2.20, booking up sellers that appeared. Be patient for good news one following the other...??
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....
thesteward
6,781 posts
Posted by thesteward > 2014-04-21 15:48 | Report Abuse
brem's turn to shine sud be these few days