PMB Technology (PMBT MK) Technical BUY with +19.2% potential return Last price : RM1.20 Target Price : RM1.34, RM1.43 Support : RM1.07 Stop-loss: RM1.06 BUY with a target price of RM1.43 with stoploss at below RM1.06. Share price has gradually rebounded after pulling back from the recent high of RM1.20. Given yesterday’s strong gain on a higher trading volume of 1.0m shares (vs 20-day average of 0.33m), this could lead towards a breakout from the recent high in the near term. As the stock climbs steadily along the BBI lines, we expect the recent uptrend to resume. This is consistent with the rising momentum as shown by a bullish crossover in the Stochastics. Additionally, the positive crossover between the +DI and ADX line suggests a strong move upwards. We peg our upside target price at 1.61x Fibonacci extension level of RM1.43 over the medium term. Expected Timeframe: 2 weeks to 2 months
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....
heavyth
848 posts
Posted by heavyth > 2014-04-17 15:50 | Report Abuse
is moving...