a nice trend being charted out, it should be starting soon to test 0.31. Very obvious roadblock set by ops. Those traders that can't wait, will throw to them at 0.265-0.27.
Smack through Rm31sen likely to propel toward greater judging at the latest quarter results and ROE more than 10. A credible quality stock in the long run. Strong recovery ahead !
LNG Resources (LNGR MK) -------------------------today uob kay hian report Technical BUY with +18.6% potential return Last price : RM0.295 Target Price : RM0.320, RM0.350 Support : RM0.275 Stop-loss: RM0.270 BUY with a target price of RM0.350 with stop loss placed below RM0.270. LNGR’s share price retraced from the recent high of RM0.320 to the immediate support of RM0.275 before rebounding off the “cloud” after two failed attempts to dip below the aforementioned level in the last 2 days. Following the formation of a bullish reversal pattern of “engulfing” yesterday on the back of a slightly higher than average trading volume (2.2m vs 5-day average of 1.8m) and a positive closing above the 61.8% Fibonacci extension level of RM0.290, we expect the share price to rebound higher and retest the immediate resistance of RM0.320 in the near term. Given the bullish crossover in Stochastic, a rising momentum should support LNGR to resume its upward trend. We peg our medium-term target at the 1.38x Fibonacci extension level of RM0.350.
aduii.....lng involves in vietnam chaos pula....ITS subsidiary.Oriental Fastech Manufacturing (Vietnam) Co. Ltd. 17, VSIP Street 2,Vietnam Singapore Industrial Park,. Thuan An District, Binh Duong Province,. Ho Chi Minh). This park teruk lohh
LNG Resources (LNGR MK) Technical BUY with +21.5% potential return Last price : RM0.325 Target Price : RM0.365, RM0.395 Support : RM0.300 Stop-loss: RM0.295 BUY with a target price of RM0.395 with stop loss placed below RM0.295. LNGR’s share price has been consistently climbing along the steeper trendline since 8 Jan 14 but fails to push through the immediate resistance of RM0.320. However, a breakout on 22 May 14 which was followed by a positive closing last Friday signals the creation of a new up-leg. Given the positive development in MACD, we expect the trend to remain on the upside as LNGR expects to rise above both the 10-day and 21-day SMA lines. Moving forward, a positive momentum should drive the share price higher, thus we peg our medium-term target at the 1.61x Fibonacci extension level of RM0.395.
The big player is waiting for contra players to force sell their shares to them due to huge volume transacted on last thursday prior to pushing up. So buy on weak now!
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....
quahsb
591 posts
Posted by quahsb > 2014-04-07 09:27 | Report Abuse
director bought on 4 APR....expecting results in MAY to be nice. The uptrend intact.