AZRB experienced a flag formation breakout above the RM0.715 level with higher-than-average volumes. The MACD Histogram has turned green. The RSI continues to trend positively above zero. AZRB may extend its rally towards the price target of the RM0.775 and RM0.81 levels. Support will be pegged around the RM0.695 level.
Winner.. you're not wrong. Just that do note that market makers love to go against or with the TA or FA to create panic selling or buying.. up to their hearts desire.. coz they have the means to do these..
This is boring stock and not mean for short term speculation. TP 0.75 then 0.80 in months time. Eventually can reach FV of RM 1 in even longer term when its project start making progressing billings and generating profits.
Not a T+3 counter or else will get the fingers burn.Just becareful.
Good luck to you, there are many other good construction counter for mid to long term such as suncon and wct. For goreng go to vivocom rather then choosing this AZRB.
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....
Henly30a
192 posts
Posted by Henly30a > 2016-04-08 17:13 | Report Abuse
Sorry ya !!!!!! closed at 75.5 cents but not so bad.............