rchi..bro,had a look at the short n long term chart,aint sure as i saw 2 crucial closing points...on the upside 3.38 n on the downside 3.26(weekly chart).If its on the upside break,3.59 shud be the res level.
rchi...Look at my tenaga c4,still have 30 lots.Didnt know it was suspended till after lunch.Left an order in the morning yesterday to sell 20 lots at 0.41,no wonder got makan so early.
Boilermech Holding (BMHB MK) Technical BUY with +14.6% potential return Last price : RM2.61 Resistance : RM2.99 Support : RM2.53 Stop-loss: RM2.49 BUY with a target price of RM2.99 with a stop loss below RM2.49. BMHB’s share price retraced from the high of RM2.80 on 3 Dec 13 before finding support at RM2.53 last Tuesday. After the formation of the “above the stomach” pattern, which indicates a bullish reversal, which was followed by a positive closing yesterday, we expect the reversal to continue. Backed by rising momentum as flashed by Stochastic, BMHB could retest its previous high of RM2.80 in the near- term. Violation of this level, in our opinion, would create more room for upside, thus we peg our target a tick below the psychological level of RM3.00.
JUN prove to be an exciting month, as world cup is there, and it will washout the volume during the month,market quiet, but we have few catalyst during the month, many counters going to mainboard..
Boilermech Holding ----------------------dated 270314 (BMHB MK) Technical BUY with +21.4% potential return Last price : RM2.94 Target Price: RM3.30, RM3.57 Support : RM2.80 Stop-loss: RM2.72 BUY with a target price of RM3.57 with stop loss placed below RM2.72. BMHB’s share price has been consolidating within the tight range of RM2.67-2.80 in the last 7 weeks. However, yesterday’s 14-sen gain has placed the share price in new territory with the breakout being considered genuine given a higher trading volume of 0.66m (vs 20-day average of 0.14m) recorded along with yesterday’s gain. As the share price has consistently remained above the “cloud”, we expect the uptrend to resume as positive signal has been flashed by both MACD and RSI, which in our view should translate into upward movement hereafter. Moving forward, we peg our upside target at the 1.61x Fibonacci extension of RM3.57 over the medium term.
The price movement is very little. Just the director disposed. I guess everyone here is still waiting for the bonus issue and the transfer to main board. What took it so long? Come on...
Transfer to main board does not necessary make the price up, get caught in karyon, who transferred to main board recently. But i think boilerm is different as it is owned by QL.
It is possible everybody is waiting for the transfer, then only begin selling....the price might go downward instead. Currently good CPO trend is helping it maintain its current pricing.
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....
trustme932
4,864 posts
Posted by trustme932 > 2013-12-02 14:46 | Report Abuse
rchi..tq.re tenaga c4,i still hold 30 lots..waiting for new high.tks again.