well, personally i never trust target price one, because target price can be change very quickly if you have past experience about that. i would say just trust yourself and do your own homework, that's it. :)
up or down today doesn't matter.. as a investor i believe in profit they make.. not target price.. hold it and see.. for contra player.. you have earn yours.. so thanks for your "advice"
Gadang: 3Q earnings quadruple on construction, property. Civil engineering and construction company, Gadang Holdings, saw its earnings increase more than four times in the 3Q ended Feb 28, 2014, to RM19.2m from RM3.6m, as revenue improved 67.8%. The revenue it recorded in the quarter was RM147.5m against RM87.9m previously. Gadang said the increase in revenue and profit before tax – which also increased more than four times to RM28.0m from RM5.1m – was mainly the result of higher contributions from construction and property activities. (StarBiz)
Sell if feel really anxious holding it or have other better stocks in mind. Else can keep it for longer term. Even bearish optimus7 thinks it is a good stock for long term..hehehe
Isn't possible if Gadang try to play sideway maintain their price 1.80 to 1.90. Before bull up again... if next monday drop below 1.80... bear lah... need more time to waiting the profit.
Good Morning all Gadang Investors, I would like to share what i thought of the mother's share price movement as at yesterday (25/4/2014).
If we base strictly on Technical Analysis, than the stock price is in overbought situation since 7/4/2014 where the RSI (14) - 73.9% and the Stochastic (10,3,10) - 82.6% (%K) & 50.3% (%D).
Technically, the price should head south but the price keep moving up from 1.27 to 1.96 (high) and close yesterday at 1.88. And yesterday the RSI (14) - 85.9% and Stochastic (10,3,10) - 83.3% (%K) & 89.5% (%D)
Comment : Sell
If we base strictly on candlestick, on 24/4/2014 the opening price is 1.85 and the closing price is 1.94 and a gain of 0..09. Base on yesterday candlestick, the opening price is 1.94 and close at 1.88 and a loss of 0.06.
Comment : Sell (The body of the candlestick (up) on 24/4/2014 is 0.09, if any candlestick (down) down more the 0.05, than the candle show a signal of a sell signal. But yesterday close is down 0.06.
If we base on wave analysis, the W1 was started on 08/10/2013 (0.80) and end on 25/2/2014 (1.25), Wave 2 start on 25/2/2014 (1.25) and end on 1/4/2014 (1.13) and now we are on Wave 3 start on 1.13 until 25//4/2014 - 1.88. Base on my wave calculation TP1 - 1.58, TP2 - 1.86 and TP 2.03.
Comment : Hold
(Wait for the RSI cross below 70% and Stochastic %K cross below 80%)
Base on what i analysis, i will keep holding on the stock and i think it will go up above 2.00+ very soon before the downtrend start.
I hope this analysis of mine, it might not be accurate but at least it will help those who are in the dark.
I agree with Caveman... in market we have different type of player. some love to make fast money, some is long term investor.
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Posted by kenken85 > 2014-04-25 12:57 | Report Abuse
http://www.theedgemalaysia.com/business-news/286789-gadang-fy2014-earnings-projected-to-grow-by-14-times-says-jfapex-securities-.html