We conditioned our mind to hold longer period so long as the company is able to maintain its growth in earnings. Why want to sell early?....unless the share price shot up and PER reaching 30x. Currently, it’s traded at PER 15x and cheap cheap in comparison with glove sector. Lolz
SAM (9822) From a daily chart, we can see that SAM broke out from it’s all time high at RM8.22. At the same time, it broke out from a Rounding Bottom pattern. Volume of the breakout is significantly higher. Price is above upward sloping 50-day EMA and RSI (21) is above 50%. First target is at RM9.47, half of the Rounding Bottom formation height and also 100% Fibonacci Extension. Second target is the full formation height at RM10.72 and 161.8% Fibonacci Extension at RM10.78.
From a weekly chart, we can see that there is a symmetrical triangle forming from December 2016 to July 2018. With two highs that touches the downward sloping resistance line and two lows touching the upward sloping support line. It pulled back to the 50 week EMA before breaking out from the symmetrical triangle. Target price for the symmetrical triangle is at RM11.52, near to the 200% Fibonacci Extension RM11.59. However, this is a long term target price.
Current Price: RM8.26 Target Price: RM9.47, then RM10.72-RM10.78, then RM11.52-11.59. Stop Loss: if price closes below RM7.98, below psychological support and below the low of breakout candle.
If you have any stocks in mind that you would like me to review on, do comment below on the original post and I will give my personal view of it.
Do like our page TradingIdeas for new updates! Like, Share and Comment! Would like to hear from you!
Disclaimer: This is not a buy or sell recommendation but for educational purposes only. Proper due diligence and risk management is required before taking a trade. The writer will not responsible for any gain/loss resulting from the information provided herein.
RM is expected to weaken against USD further in tandem with CNY depreciation due to trade war getting intense. Good to stick with export related counters maintaining growth.
Attached is the Very Long Term Funds Flow of SAM Engineering and Equipment Bhd that is listed in the KLSE (KLSE: 9822). During the period of consolidation in the green boxed region, smart money funds flow kept flooding into this company's equities. This eventually brewed for a multi-bagger upmove in prices (See FFA and Technical Chart illustrated). Currently, SAM Engineering and Equipment Bhd is forming an Inverse Shoulder-Head-Shoulder price structure which is bullish in price action for re-accumulation. This is achieved under strong funds flow as backing. There is very high probability it will continue its uptrend for sustained all time highs never seen before. Next target: $11.00 based on inverse SHS projection up.
many investors focus sam's aerospace business but i noticed their hdd business is performing very well. dufu released very excellent quarter results how about sam?
temasek holdings hold more than 71% of total shares, need to have more shares either thro share split or bonus issue, so that it's more affordable for small investors. increased production capacity should gradually be reflected in quarterly results
the quarter result showed steady growth in the aerospace division, in-line with analyst and management expectation. It has been 3 years since the shareprice reached rm7-8 region, and it is picking up momentum again this year. The net profit in the last few quarters are among the highest to-date, averaging around 18-19million. My opninion is that the downside is limited as even in this bear market the share price is holding on. With clear earning growth visibilty in the coming years, there is no doubt that SAM share price is poised for another breakout like 3 years ago.
As the price of the crude oil is not going to go back to usd100 range, airline sectors are expected to be benefited, as guided by Boeing recent qr, the demand of the airplane is going to increase steadily as more and more people are using aeroplane as their preferred transportation, even for domestic destination. It is a rare opportunities to be able to invest in an aerospace company as there are not many in our region due to the high entry barrier. We can see from how the major shareholders (Temasek etc) are not letting go any of the shares and they just barely maintain the minimum free float shares in the market so that it can be remained as a listed company
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....
leekh5555
545 posts
Posted by leekh5555 > 2018-10-04 15:04 | Report Abuse
ya, at least 25.