POHUAT (Trading Buy, TP: RM1.97). Furniture maker POHUAT appears to have marked a bottom, at RM1.45 recently. The share price rallied 8.0 sen (5.2%) yesterday to close at RM1.63. Chart-wise, POHUAT’s medium-long-term uptrend remains intact despite the sharp sell-off recently. In the shorter term, we expect the current rebound to continue as the Stochastic indicator has just hooked up from oversold levels. Note that in the previous two instances (*circled), the Stochastic BUY signal had been predictive of subsequent rallies in the share price. As such, we expect the share price to climb towards the next resistance at RM1.80 level (R1) before eyeing RM2.00 (R2). Support can be found at RM1.45 (S1) and RM1.20 (S2). For this Trading Buy strategy, take profit at RM1.97 (3 bids below RM2.00 resistance) with stop-loss set at RM1.42 (3 bids below RM1.45 support).
for those business gaining from forex, we are seeing enormous hike in eps and earnings in general. With such hike, these company will be quick to disburse the increase in margin of earning and quickest thru dividend to avoid tax. I believe pohuat will be in limelight tomorrow after others in same sector hv performed in their results. Good luck
Hak Chai, At the moment the indicators are not real. High butyrate at low volume. Can be manufactured! the floor looks like 86cents. Hold first because sell queue volume is very very low. This means if there is a run up, it can easily go up 92.5 but without support. If you are not worried about few cents, it can be a bet. If you are, wait for more sell queue volume to determine. Without the sell queue volume, the run up in price will be fast and the drop will also be equally fast giving the impression of fluctuation (unstable, concern etc) and no take meaning take up and may drop further after.
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....
891088
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Posted by 891088 > 2016-02-14 19:25 | Report Abuse
Pohuat...will fly..