a good cheering is envisaged for the soon to be released first quarter financial report. baring any unforeseen circumstances, then the current price is deemed a bargain. should see a price movement up. stock is trending up. best wishes.
I think counter paying div 2 % will not be bad after all compared with others making less n pay no div also has gone v up much higher than this counter ! moreover , the prospects for this co will be much better come next qtr and holding for a longer term will not be a mistake .
Gromutual (GMUT MK) Technical BUY with +13.6% potential return Last price : RM0.515 Target Price : RM0.55, RM0.585 Support : RM0.505 Stop-loss: RM0.47 BUY with a target price of RM0.585 with stoploss at below RM0.47. Pulling back from the recent high of RM0.55, GMUT has established support at RM0.47 before recovering gradually. A strong resistance is at RM0.505 as the stock has failed to surpass the level in the past 14 weeks. However, yesterday’s breakout above RM0.505 coupled with a “cloud” has placed share price in a new territory and thus successfully established a new up-leg. The emergence of fresh buying interest as shown in yesterday’s extremely higher trading volume of 4.4m shares (vs 20-day average of 0.4m) is likely to support the further uptrend. A bullish crossover in both the MACD and the stochastics signal strong momentum, which in turn should lift share price higher in the near term. Wepeg our medium-term upside target price at 1.38x Fibonacci extension level of RM0.585. Expected Timeframe: 2 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....
johotin88
385 posts
Posted by johotin88 > 2014-04-21 22:26 | Report Abuse
Every property stock is running. I think this is a laggard.