Magna Prima (MAGNA MK) Technical BUY with +20.3% potential return Last price : RM1.08 Target Price : RM1.29, RM1.42 Support : RM1.10 Stop-loss: RM1.09 BUY with a target price of RM1.42 with stoploss below RM1.09. MAGNA’s share price made a breakout from the bullish reversal pattern of a “falling wedge” on 13 Jul before establishing a new uptrend. As MAGNA climbed higher and hit a new high of RM1.29, it has consolidated within the “flag” pattern in the past 12 days before yesterday’s strong gain established the creation of a new up-leg. This is consistent with rising trading volume which signals renewed interest in MAGNA. A bullish crossover registered on Stochastic implies a stronger momentum while a crossover between +DI and ADX line indicates stronger upward movement ahead. As such, we expect the upward trajectory to continue as we peg our medium-term target at the previous high of RM1.42. Timeframe: 2 weeks to 2 months
slmt Hari Raya Lim>message kau kat wassup aku ada terima.cantik cermin mata.Lim yg offmrkt at 7july tu bukan 20%. 5 %(15mil@1.07) 0f share issued je..dia ada lagi 20%>jgn risau.
don't know why it drop... maybe major shareholder want to spend $... Magna projects is famous of late delivery. Read the latest issuance RCPS to LTAT, giving 16% dividend... crazy!!! Seems the Company can't even take loan for its project.
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....
Mohd Fahmi Bin Jaes
29,190 posts
Posted by Mohd Fahmi Bin Jaes > 2014-07-10 15:57 | Report Abuse
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