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Pasukhas extremely oversold, says HLIB Research
by Cals Sun 26 Apr 2015, 00:11
Pasukhas extremely oversold, says HLIB Research
KUALA LUMPUR (April 24): Hong Leong IB Research says that stocks of Pasukhas Group Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) were extremely oversold and likely to bottom up in immediate term as “Tweezers Bottom” candlestick pattern in the oversold territory suggested imminent technical rebound.
In a note today, the research house said it was looking at target prices of 21,5 sen, 23 sen and 24 sen.
“However, always prepared to set cut loss if situation changes. Support at 19.5 sen with cut loss below 19 sen,” it said.
KUALA LUMPUR (April 24): Hong Leong IB Research says that stocks of Pasukhas Group Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) were extremely oversold and likely to bottom up in immediate term as “Tweezers Bottom” candlestick pattern in the oversold territory suggested imminent technical rebound.
In a note today, the research house said it was looking at target prices of 21,5 sen, 23 sen and 24 sen.
“However, always prepared to set cut loss if situation changes. Support at 19.5 sen with cut loss below 19 sen,” it said.
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