Hovid tested the short term descending line of 50.5 sen amid fresh bargain hunting interest. Another good day may push the stock above the 51 sen hurdle and open new windows for the bulls to challenge the historical peak of 56.5 sen or to explore uncharted territory.
2015/04/21, hovid touch a new high of 0.565. 2015/05/18, hovid touch a high of 0.535. Today for now, touch a high of 0.545, great chance to move on further up, breakup new high ! Happy trading.
Hovid may climb further after a potential breakout from the “Symetrical Triangle” pattern and MYR0.51 level. Traders may buy,as a bullish bias could be present above this level, with a target price of MYR0.555, followed by MYR0.60. The stock may consolidate further if it cannot sustain above the MYR0.51 mark. In this case, further support is at MYR0.475, where traders can exit upon a breach to avoid a further correction.
Nice closing @ 0.535...next week should move higher...:)
Quote"Hovid may climb further after a potential breakout from the “Symmetrical Triangle” pattern and MYR0.51 level. Traders may buy, as a bullish bias could be present above this level, with a target price of MYR0.555, followed by MYR0.60."
Analysis HOVID is a medicine producer which have got a classical buy signal today which is also a Descending triangle breakout with a gap up which is also a very BULLISH signal.
HOVID is the only medicine producer that benefit from the strengthening of USD, where you can see their profit growing even they are utilising 100% of their production line.
HOVID have a medicine name Toccovid which is about to get approval from US FDA which can help to cure stroke, This is the game changer that expected to garner more than USD1 BILLION Revenue.
HOVID also have growth story with their new Factory completed in May 2015 which will boost 30% of their productivity, hence we will see 30% jump in revenue. Fund managers have also started appeared in their annual report.
Recommendation Aggressive player could consider their warrant HOVID-WB (7213WB) which is now trading at 4% discount compared to mother as conversion is only RM0.18 hence it is also a chance for arbitraging as it is CHEAP.
It was rumoured that an investment firm GxxxxPxxx will be promoting this stock on their investment conference by this 14th June in KLCC which the stock will normally move up 15-20% the day after their conference.
1st TP RM 0.56 2nd TP RM 0.60 3rd TP RM 0.65 Stop Loss RM 0.48 strong support
so far on the right track allocating and shifting to hovid ki kiki . TA trending up .. bull galloping and FA on solid immaculate figures ,report analysis and company gowth and expansion programme. voila..
I speculate it will head up North for 1-2 sens n then drop back , looks like big boys r pushing n spreading strong & positive rumous, now they r waiting 4us to Buy fr them at 0.55/0.56 ish !!
So many counters bleeding like fgv ifcamsc. Etc . Add to nervouness. Not worry just to fill the gaps for strong footing . The losses esp. From goreng counters will cause some selling pressure to others counter .. Will see by friday ki ki ki
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....
brutusbeefcake
482 posts
Posted by brutusbeefcake > 2015-06-11 19:13 | Report Abuse
go go hovid... something is happening