FITTERS is gaining strong interest from retail investors as the group sees robust prospects in its new venture – pipe-manufacturing business.
The group is aiming to capture 10.0% market share in the water pipe industry by end-2015, and determined to grow the pipe venture to be as big as its original fire services business.
From the technical point of view, FITTERS had broken out of an 8-month uptrend channel resistance, with high trading volume.
Interesting to note that the daily MACD has just crossed over the zero-line yesterday, leading us to believe that follow-through buying are likely to emerge over the next few days.
We anticipate a move towards RM1.00 (R1) fairly soon. Beyond this level, the next major resistance is located further up at RM1.03 (R2) and RM1.10 (R3).
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....
brendonyeap
1,649 posts
Posted by brendonyeap > 2014-04-01 07:26 | Report Abuse
Im not God Brocoli....thats why i said " lets pray together"...