Scicom MSC (SCIC MK) Technical BUY with +12.0% potential return Last price : RM1.08 Target Price : RM1.13, RM1.22 Support : RM1.03 Stop-loss: RM1.02 BUY with a target price of RM1.22 with stoploss at below RM1.02. Share price has consolidated within a tight range of RM1.03- 1.09 over the past 24-days. However, we note a gradual increase in buying interest following a positive closing above the BBI line and positive readings in both the RSI and MACD. A breakout above RM1.09 would create a new up-leg. We peg our upside target at 1.38x Fibonacci extension level of RM1.22 over the medium term. Expected Timeframe: 2 weeks to 2 months
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....
AC Gan
188 posts
Posted by AC Gan > 2014-08-13 09:46 | Report Abuse
Brahmal Vasudevan is one of the Major Shareholders & do monitor closely..!