Michael...possible for you to share with us a few shares that have the same characteristic in fundamental in other industries too. I am pleased with the Pansar fundamental with my own analysis. You the experienced one. Thks for sharing ! :)
thanks for letting me know...just park my money here for a while and see what happen. Not very familiar with counters in Bursa. Look see look see until I feel something better out there.....unless you can share me a few counters that I might look at them :)
Pansar (PNSR MK) -------------------------9//04//14 Technical BUY with +22.3% potential return Last price : RM0.515 Target Price : RM0.555, RM0.630 Support : RM0.470 Stop-loss: RM0.465 BUY with a target price of RM0.630 with a stop loss below RM0.465. PNSR’s share price initially breached the 60-day SMA line on 10 Feb 14 before consolidating in the RM0.470- 0.505 region in the last 7 weeks. However, last Friday’s 3.5-sen surge signals the end of the consolidation and potentially a restart of the previous uptrend. We note a much higher trading volume of 3.2m shares was registered (vs 20-day average of 0.2m), suggesting renewed buying interest. This, along with a bullish crossover in MACD and Stochastic, should confirm the creation of a new up-leg. With the share price rebounding off the trendline, we expect further upside to be consistent along the rising trendline and thus peg our upside target at the 1.61x Fibonacci extension level of RM0.630 over the medium term.
Pansar (PNSR MK) Technical BUY with +23.3% potential return Last price : RM0.515 Target Price : RM0.555, RM0.635 Support : RM0.485 Stop-loss: RM0.475 BUY with a target price of RM0.635 with stop loss placed below RM0.475. PNSR’s share price recovered gradually from the low of RM0.440 on 16 Jan 14 before establishing a series of higher highs and higher lows along the rising trendline. Given the pullback from the recent high of RM0.530, PNSR has gradually recovered and looks set to resume its uptrend. The share price closed above the 61.8% Fibonacci retracement level of RM0.510 yesterday, suggesting a shift to a bullish outlook in the long term. Given the emergence of fresh buying interest as recorded by a higher trading volume of 0.95m shares along with the surging momentum, we expect upward continuation hereafter. Moving forward, we peg our upside target at the 1.61x Fibonacci extension level of RM0.635 in the medium term.
buy on technical sell on news....maknanya jika secara teknikal graf cantik,beli dan simpan..bila keluar news baru jual...boleh tanya johny cash..dia pakar technical analyst
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....
qwerty
977 posts
Posted by qwerty > 2013-06-09 12:43 | Report Abuse
picking up