Abric (ABR MK)----------------------------------11///04//14 Technical BUY with +22.2% potential return Last price : RM0.315 Target Price : RM0.340, RM0.385 Support : RM0.300 Stop-loss: RM0.290 BUY with a target price of RM0.385 with a stop loss placed below RM0.290. ABR’s share price established support at RM0.275 before gradually climbing higher and attempting to remove the strong resistance at RM0.300. Yesterday’s gap-up on the back of a higher volume of 0.53m shares (vs 20-day average of 0.1m) indicates a genuine breakout as ABR managed to close above the resistance level and the “cloud”. As the bullish crossover between the 10-day and 21-day SMA lines suggests further upward movement, a surge in positive momentum should help push share higher. We expect the share price to continue its bullish run above the rising trendline as we peg our medium-term target at the previous high of RM0.385.
The Board of Directors of Abric Berhad (“Abric” or “the Company”) wishes to inform that the Company has on 23 May 2014 received a Notice of Nomination of Auditors dated 23 May 2014 from Dato’ Ong Eng Lock, a substantial shareholder of the Company, for the nomination of Messrs PricewaterhouseCoopers as Auditors of the Company in place of Messrs Deloitte & Touche (“Proposed Appointment of Auditors”).
The Proposed Appointment of Auditors will be tabled to the shareholders of the Company for consideration at the forthcoming Twenty-Fourth Annual General Meeting of the Company to be convened.
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....
Axce85
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Posted by Axce85 > 2014-02-24 18:48 | Report Abuse
Rally already syafiq?