BNM has recently forecasts that RM is likely to be range-bound at 3.350-3.600 this year. In the backdrop of a strengthening USD, furniture stocks nonetheless are heading different direction despite the more favourable exchange rate to the exporters. Ever ponder why so?
Today session seems to be an engulfing bullish candlestick, signaling the decline trend has exhausted and the next move is up. Volume is twice the average. Any chartist comments??
Latitude Tree Holdings (LATI MK) Technical BUY with +37.2% potential return Last price : RM2.18 Target price: RM2.50, RM2.99 Support : RM2.02 Stop-loss: RM1.99 BUY with a target price of RM2.99 with a stop loss placed below RM1.99. LATI’s share price retraced from the high of RM2.50 on 24 Dec 13 to the low of RM2.02 on 31 Dec 13 before rebounding off the 22-day SMA line and forming a “bullish engulfing” pattern, thus signaling a reversal from the current correction. As the RSI line has flashed a slight uptick and the stochastic is on the verge of forming a bullish crossover, we expect the selling pressure to have eased, thus LATI looks set to resume its previous uptrend. Additionally, an expanding trading volume suggests growing buying interest, LATI is likely to retest the previous high of RM2.50 in the near term which, if breached, may trigger further interest and propel the share price towards our projected target of RM2.99 in the medium term.
UOB KAY HIAN REPORT TODAY ON LATITUDE--- 07//01//14
So happy to know that UOB kay Hian mentioned the engulfing bullish candlestick and a signal to downward trend reversal. Tks Johnny Cash for yr posting.
I think the corporate restructuring will be completing before CNY based on representation of management during the past AGM. Price will skyrocket soon. Perhaps now may be a good time to buy. Anyone mind to share your view?
Oh I see, u are talking abt the SCR. It's been on for almost a year and coming to fruition. As the share price are forward looking, it is probably discounted.
Stock: [HEVEA]: HEVEABOARD BHD Dec 24, 2013 03:11 PM | Report Abuse Once 1.24 is broken convincingly, the sky is the limit (no more resistance for time being). Thank you.
****VERDICT : Too boastful. Broken but ran up to 1.45 only. The sky is million miles away!
Stock: [HEVEA]: HEVEABOARD BHD Dec 24, 2013 03:52 PM | Report Abuse I am very happy all my SharesXPert students and all my clients are buying heavily on Latitud, Hevea and Pohuat. Thank you.
****VERDICT : All students and clients went to Holland, compliment of the half-past-six remisier.
Stock: [HEVEA]: HEVEABOARD BHD Dec 27, 2013 10:57 AM | Report Abuse Please note that Hevea is on 3rd Wave up, correction will be brief and fast. I still hold it and let profit run. If there is a major correction, then this stock is not on 3rd Wave up. Never miss the 3rd Wave up because it is the most impulsive wave. Thank you.
***VERDICT : What 3rd or 4th wave? Buying stocks with chart is like expecting orgasm without really working on it.
Stock: [HEVEA]: HEVEABOARD BHD Jan 1, 2014 01:06 PM | Report Abuse I do not care so much on the volatility of the price, 1 or 2 days price fluctuation will not affect the trend. Please do not ask me again and again. Thank you.
***VERDICT : OTB agitated as he is bashed repeatedly after the price of Hevea started going south instead of his whatever wave or orgasm.
<<FINAL VERDICT>> : Disappeared totally from the Hevea forum since Jan 3. LOL
Ai yoh, those who bought or sold or holding are entirely subject to their own risk. Who want to blame who? Blame our own itchy hands lah if want to blame if going south. But also prise our own hands if going north.
It will be great if both KCChongnz & You can set up an investment fund...we need expert like you too to lead us for more profitable share investment portfolio..both short, mid and long term...looking forward for that..
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....
mmk79
1,840 posts
Posted by mmk79 > 2014-01-03 11:42 | Report Abuse
Free fall again? :-(