RCE Capital (RCE MK) Technical BUY with +11.0% potential return Last price : RM0.36 Target Price : RM0.39, RM0.40 Support : RM0.345 Stop-loss: RM0.34 BUY with a target price of RM0.400 with stoploss at below RM0.340. From a high of RM0.39, RCE has fallen to a low of RM0.34 before making a reversal at the crucial 61.8% Fibonacci Retracement level following a bullish reversal “Dragonfly doji” pattern on 11 Aug 14. Yesterday’s gain validated the reversal pattern as the emergence of fresh buying interest is reflected in the rise in trading volume. A bullish crossover between the +DI and ADX line suggests a stronger uptrend move ahead. Additionally, an uptick in the RSI indicates a growing momentum, which should lift share price. We peg our medium-term upside at the psychological level of RM0.40. Expected Timeframe: 2 weeks to 2 months
Final single-tier dividend of 15%. Kindly be advised of the following : 1) The above Company's securities will be traded and quoted [ "Ex - Dividend" ] as from : [ 15 September 2014 ] 2) The last date of lodgement : [ 18 September 2014 ] 3) Date Payable : [ 1 October 2014 ]
There are someone to lock the price between 0.355 and 0.37. You can see huge volume is waiting at that price range to buy and sell. Therefore, the price is quite flat without much movement.
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....
smartly
6,442 posts
Posted by smartly > 2014-08-01 11:56 | Report Abuse
simple...go look at what they did in last 4q & 1q, you will know why pe is high.