Latitude Tree Holdings -------------------today uob kay hian (LATI MK) Technical BUY on weakness with +26.4% potential return Last price : RM2.90 (RM2.70~RM2.90) Target Price : RM3.20, RM3.54 Support : RM2.60 Stop-loss: RM2.57 BUY with a target price of RM3.54 with stop loss placed below RM2.57. LATI’s share price has exceeded our initial target price of RM2.99 as LATI hit a new high at RM3.20 yesterday. However, profit-taking activity has driven the share price lower. A negative closing yesterday formed a bearish reversal pattern of “dark cloud cover” which may lower the share price in the near term. Nevertheless, the overall LATI trend remains on the upside as the current weakness can be perceived as a normalisation process from the recent spike in the share price. Conservative investors may accumulate lower within the RM2.70-2.90 region given the minor pullback expectation. We peg our medium-term upside at RM3.54 which is equivalent to the 1.38x Fibonacci extension 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....
ch
2,029 posts
Posted by ch > 2014-05-05 09:23 | Report Abuse
dah jatuh..faster take profit :)