Peter from my experience, trading GUH it is one counter that move both ways when you least expect. I bght 1.0x and sold 116. Miss the rally to 126 this round. Sorry to see yr loss.
Just understand the underlying FA the rest pls listen to market whispers.
Posted by peterloo2020 > Feb 26, 2014 11:46 AM | Report Abuse
too bad.. i bought @ 1.26.. sold at 1.13 jz now.. :S
i think still have 31% to go la... go calc u can see after this while the share buy back just onlt take up to 2% only... looking to join this counter soon... :)
Guh Holdings (GUH MK) -------------------dated 10//03//14 Technical BUY with +26.7% potential return Last price : RM1.20 Target Price : RM1.43, RM1.52 Support : RM1.11 Stop-loss: RM1.10 BUY with a target price of RM1.52 with a stop loss placed below RM1.10. Following a correction from the recent high of RM1.29, GUH’s share price has consolidated within RM1.11-1.17 in the last 8 days. Last Friday’s gap-up above the upper band of RM1.17 on the back of a higher trading volume of 1.4m shares (vs 10-day average of 1.0m) was a clear signal of the creation of a new up-leg. Given the bullish crossover in the Stochastic and a positive closing above the 10-day and 21-day SMA lines, we expect further upward movement hereafter and thus peg our upside target at the 1.61x Fibonacci retracement of RM1.52 over the medium term.
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....
Alex Lim
588 posts
Posted by Alex Lim > 2014-02-26 01:44 | Report Abuse
drop from heaven to ground now...last time i always buy on news...loss a lot.