Hwang DBS buy call On this counter , Target price Rm 1.15 . Today it rebounded and comfirm the formation of hammer. Tomorrow it will continue its uptrend. Guys watch out closely.
STOCK NAME:-FITTERS This stock TA & FA is quite strong. Might have bonus issue as well this year.
Fitters had potential to breakout S3 at 0.74 (if break 0.74 = morning star candlestick) as well forming bullish divergence. Recently, the volume is very-2 strong too.
This stock is my favourite watchlist at the moment.
A possible double bottom formation, if tomorrow price can close above Rm 0.76 then it will at least fly to RM 0.81. Good luck for those who holding it.
It looks good from its business prospect but watch out for the share dilution , the 98M warrant (still in money) can be converted into shares before the end of Nov.
If the share price can break the down trend line then only got change to head north. Volume is too thin to rise the share but daily chart already form a tweezers bottom + bullish engulfing. Stoc at oversold area and share price drop from Rm0.85 to Rm 0.705. May be it will rebound soon as what you said.
The buyers and sellers are from same group of people. They just pass the shares from left hand to right hand only. They intentionally press down the shares price and collect. The share price only will move when they finish collecting. May be have to wait until end of oct when the is good news to announced. Happy trading cheer ! !
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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....
charlie chia
2,151 posts
Posted by charlie chia > 2012-02-02 12:23 | Report Abuse
ANY NEWS ON THIS COUNTER