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Hot Stock Seremban Engineering gains 3.33% in early trade
by Cals Wed 02 Dec 2015, 20:37
- Hot Stock
[size=28]Seremban Engineering gains 3.33% in early trade
By Surin Murugiah / theedgemarkets.com | December 2, 2015 : 9:52 AM MYTKUALA LUMPUR (Dec 2): Seremban Engineering Bhd (SEB) ([You must be registered and logged in to see this image.] Valuation: 0.90, Fundamental: 0.15) shares rose 3.33% in early trade today after Hong Leong IB Research recommended the stock today amid what it said were early signs of bottoming up following hammer candlestick formation and uptick in indicators.
At 9.30am, SEB gained 1.5 sen with 144,400 shares done.
In a note today, the research house said a decisive breakout above 47 sen will spur prices higher towards 50 sen-55 sen zones.
“Cut loss at 40 sen.
“Good risk to reward ratio with 24.4% upside to 56 sen against 11.1% downside to cut loss at 40 sen,” it said.
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