Sycal Ventures (SYC MK) Technical BUY with +12.0% potential return Last price : RM0.415 Target Price : RM0.445, RM0.465 Support : RM0.395 Stop-loss: RM0.385 BUY with a target price of RM0.465 with stoploss below RM0.385. SYC’s share price has consolidated above the rising uptrend line and immediate support of RM0.395 in the past 7 weeks. However, yesterday’s positive closing above the “golden crossover” of 7-day and 21- day EMA lines signals the end of the recent consolidation. Given the positive readings from both MACD and Stochastic, the growing momentum is likely to push the share price higher in the near term. Moving forward, we expect a new up-leg to unfold as we peg our short- to medium-term upside target at the previous high of RM0.465. Expected Timeframe: 1 week to 1 month
How u know about the results will disappointed you ! The uptrend way already build up , just wait and will reward to u soon . Is only how high u want ! 0.50 , 0.60 or 0.85 !
The price before and after the quarterly report is released are almost the same even the earning is better than orevious. It should be able to achieve a new high soon.
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....
LunPin
9 posts
Posted by LunPin > 2014-08-05 14:48 | Report Abuse
hmmm interested in this