Narra Industries (NARR MK)-----------------------uob kay hian report today Technical BUY with +14.3% potential return Last price : RM1.75 Target Price : RM1.82, RM2.00 Support : RM1.67 Stop-loss: RM1.65 BUY with a target price of RM2.00 with stop loss placed below RM1.65. NARR's share price had been consolidating below the strong resistance of RM1.67 (now support) since 27 Mar 14 before selling pressure was gradually absorbed within the "cloud" in the last 11 days. Last Friday, we witnessed a genuine breakout from the "cloud" as NARR surged through the resistance of RM1.67 which signals the end of the recent consolidation and potentially the start of a new up-leg. Given the bullish crossover in both MACD and Stochastic, we expect the share price to ascend higher as NARR is still adhering to the long-term uptrend line. Moving forward, we expect NARR to retest the previous high of RM1.82 which, if breached, should prolong the upside toward the psychological level of RM2.00 in the medium term.
Johnny thanks for your effort... All these analyst keep on giving TP But the market sentiment is so bad til the share price can't goes up With that limited volume. Really hard to push.... Moreover the World Cup is coming Giving many uncertainty.
I will not revise the TP for NARRA RM3.50 and HLIND RM7.50 since Jan 2014. You may choose to ignore me but the call is projected by Uncle Quek. 03/05/2014 00:01
Narra capital reduction to 50 sen. After 2 shares merged into 1 Rm 1 shares. Can consider: Every 1000 HLI shares will be getting 1018 Narra shares (after capital reduction)
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....
tjhldg
27,218 posts
Posted by tjhldg > 2014-03-15 11:01 | Report Abuse
friday .. i satu pun tak jual ... if betul betul drop back to 1.50 b4 i sold all ... i buy back 2x yang i jual ... kikikiii