Goreng coming!As the Sarawak election will be announced soon since electorate delineation had been by the court. Undervalued? debatable and questionable.
SCABLE experienced a trendline breakout above the RM1.43 level with higher-than-average volumes. The MACD Line is approaching zero, while the RSI has crossed above 50. Price may rally towards the RM1.56, RM1.63 and RM1.73 levels after a mild consolidation. Support will be pegged around RM1.43.
Sarawak elections next year so predicted Sarawak counters will have some magic uptrend. However stable has got jobs award that's why it's moving up slowly and steadily .. Wakaka if you don't have something factual to say please have decency not to post!
Something brewing.... Scable price is agitated upwards. Have a look at the price and trade volume since month of August 2015. Chart can indicate something good coming up....
Today starbizweek refers. Pestech has rm723 order book only but market responded well for Pestech. But Scable has double order book with more tender book to come. Hydro electric plabt in Sumatra going to commision soon. Gross margin continuously improving. So, it is now still undervalue, going to b the next Pestech in d making.
Delicious at 1.70, Bone's projection earlier. But momentum with volume is strong. Shall we look at 2.00 target now? Dont ask me, it just touches my target.
This year Scable will see income. Dividend small but paid 2x in 2015. Since it break $1.70, it can break next level $1.80! Hope it can reach it this week!
Cable (SCABLE) may trend higher after climbing above the MYR1.54 level in its latest sesion. Traders may buy as a bullish bias could be present above this level, with a target price of MYR1.73, followed by MYR1.88. The stock may drift sideways if it cannot sustain above the MYR1.54 mark. In this case, further support is anticipated at MYR1.43, where traders can exit upon a breach.
It has sustained above 1.54 for few sessions now...... Let's cheer at 1.88, full hope....
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....
bonescythe
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Posted by bonescythe > 2015-10-15 17:02 | Report Abuse
good news lor