It is Minami, think about the reasons then perhaps we can understand more, now we see what had happened, we now think of what more can happen, that would put a smile in our hearts
Hup Seng Industries (HSI MK)---------------dated 25//03//14
Technical BUY with +14.0% potential return Last price : RM6.99 (RM6.83 ~ RM6.99) Target Price : RM7.15, RM7.88 Support : RM6.70 Stop-loss: RM6.64 BUY with a target price of RM7.88 with stop loss below RM6.64. Share price has consolidated within a tight range since the last few weeks. As the selling pressure has been absorbed along the “cloud” regions, HIS has gapped up on the back of extremely higher trading volume of 0.75m shares yesterday (vs 20-day average of 0.1m), which signals an end to the consolidation phase and potentially kickstarting a new up-leg. Given the uptick in RSI and a bullish crossover in MACD which indicate surging momentum, we see further upward movements. The stock has also closed above a sloping 10-day and 21-day SMA lines, which indicate a continuation of the previous bullish run. Thus, we peg our upside target at 1.61x Fibonacci Extension, or a target price of RM7.88 over the medium term. Conservative investors may accumulate lower within RM6.83-RM6.99 on profit taking.
Oh 7.50 , so fast up so much ! so if 7.50/5 = 1.50 then (1.50 x3) /4 = 1.125 which is the ex- price after split and bonus . On 2/4/2014 price may be 1.15 to 1.20 ! You see the price looks cheap to a lot of people so they will chase high . Better buy before split .
look like this share is very easy to goreng up..since not much share floating..after split the share may shoot to 1.5 and above if director push it up to have paper gain. This is not a buy call. Buy at own risk
Because not much floating this share on market, that the reason they want split the share to let the price go higher with volume. Jusu buy it and keep 2 months..you will happy liao..
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....
vinvin
4,494 posts
Posted by vinvin > 2014-03-26 16:57 | Report Abuse
Bought some more at 7.25 .....................closing at 7.24 n hope tomorrow will open at 7.20 after ex-dividend.