Rose: Mr. Andrews... I saw the iceberg and I see it in your eyes... please, tell me the truth. Thomas Andrews: The ship will sink. Rose: You're certain? Thomas Andrews: Yes. In an hour or so, all of this will be at the bottom of the Atlantic. Cal Hockley: What? Thomas Andrews: Please, tell only who you must. I don't want to be responsible for a panic. And get to a boat quickly, don't wait. You remember what I told you about the boats? Rose: Yes... I understand.
LB Aluminium (LBA MK) Technical BUY with +22.8% potential return Last price : RM0.745 Target Price : RM0.815, RM0.915 Support : RM0.69 Stop-loss: RM0.685 BUY with a target price of RM0.915 with stop loss at below RM0.685. Following a steep correction from the high of RM0.815, share price managed to recover after rebounding off the rising trendline and formed a series of higher highs and higher lows in the past twomonths. Despite meeting strong resistance at RM0.74, the stock successfully surged past RM0.74 yesterday after gapping up on the back of extremely high trading volume of 28.8m shares (vs 20-day average of 4.0m), confirming a creation of a new up-leg. A bullish crossover in both the MACD and Stochastics indicates strong momentum, which could boost share price higher. We peg our medium-term target price at 1.38x Fibonacci Extension target of RM0.915. Timeframe: 1 weeks to 2 months.
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....
Chris K Yeong
218 posts
Posted by Chris K Yeong > 2014-06-30 17:45 | Report Abuse
No news. Someone is pressing down the price. When u start panic and sell it, then it will turn into uptrend again :)