Highlights / Stock Picks of the Day - SMRT Holdings Bhd (SMRT) – Trading Buy Author: kiasutrader | Publish date: Thu, 24 Jul 10:07
SMRT gained 6.5sen (9.15%) to close at RM0.775 yesterday with a spike in trading volume seen. From a technical perspective, a breakout from its “Ascending Triangle” chart pattern is seen at RM0.74 level. Moreover, MACD is also seen to be trending up looking poised for a positive crossover the Signal Line, signaling strong buying pressure in the stock. Momentum indicators (RSI and Stochastic) have also hooked upwards suggesting buying momentum is piling up. We are placing a “Trading Buy” call on this stock with a target of RM0.92 (3 bids below our measurement objective of RM0.94) while employing a strict stop-loss at RM0.73 (3 bids below the RM0.74 level).
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....
sklyte
2,621 posts
Posted by sklyte > 2014-07-24 15:12 | Report Abuse
wait till smrt buys an international school, then you see the next prestariang