The acquisition is just a rumour after all, it could be just machine that Japanese firm might be interested in it. Just pay more focus on its business model
https://research.osk188.com/images/49/sw8J1922608953532f91d6a4d3d.jpg SCGM may scale higher after closing at its highest in more than six months. Traders may opt to purchase the stock if it stays above MYR1.10 today, with a close below MYR1.05 as a stop-loss. If the MYR1.20 resistance is broken, the price target would be MYR1.30. However, note that the stock could trend sideways if it fails to stay above MYR1.10, while further support is at MYR0.98
Please note that last year SCGM soar from 29/5/13 @0.56 to 1/7/13 close @1.15, volume >3M. Highest on 1/7 @ 1.19. Now the wave start from 13/2/14 @ 0.90, 21/3 close high@ 1.15, volume> 3M. Quarter report will out this week. Revenue and profit should keep increase if compare with last year. But seem share price may not sustain at high level after report out. Just my 2 sen only.
Ya. SCGM is good counter. But share price uptrend since mid Feb, that's insider did it. Sell on news and pick up again after May. This year may have more div than last year. But electricity bill and mininum wage will increase company cost.
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....
cockroach
418 posts
Posted by cockroach > 2013-10-03 12:01 | Report Abuse
why move down?