The research house said the crossover of the 44 sen hurdle would likely see Sedania trading upward with the next upside target pegged between 48 sen and 51 sen. Betulkah?
Daily technical highlights – SEDANIA | JCY Author: kiasutrader | Publish date: Thu, 31 Mar 2016, 09:34 AM
SEDANIA (Not Rated). Yesterday, SEDANIA saw its share price surging 3.5 sen (+8.3%) to RM0.455 on trading volume, which was the highest since July last year. The share price has climbed from a low of RM0.36 earlier this month (15th of March) before pausing for a breather just below the 50- and 100-day SMAs (RM0.42/RM0.43). Nevertheless, SEDANIA is poised to resume its bullish move as a result of yesterday’s decisive breakout above the RM0.43 level. From here, expect the share price to climb further towards the January highs of RM0.51/RM0.52 (R1). Should this resistance level be taken out next, we would then set our sights on RM0.65 (R2). Meanwhile, downside support should be present at RM0.42 (S1) and RM0.40 (S2) below.
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....
peter123
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Posted by peter123 > 2016-03-31 23:08 | Report Abuse
The research house said the crossover of the 44 sen hurdle would likely see Sedania trading upward with the next upside target pegged between 48 sen and 51 sen. Betulkah?