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MyEG grossly oversold, says HLIB Research
by Cals Thu 16 Apr 2015, 23:48
MyEG grossly oversold, says HLIB Research
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By theedgemarkets.com / theedgemarkets.com | April 16, 2015 : 8:43 AM MYT
KUALA LUMPUR (April 16): The shares of [size=14]My E.G. Services Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) have been grossly oversold, according to Hong Leong IB Research.
In a note today, the researcgh house said the stock was grossly oversold as substantiated by daily oscillators.
“Moreover, “Bullish Harami Cross” candlestick pattern on daily chart suggests potential reversal trajectory.
“Hence, we opine that share price is about to reverse the recent retracement.
“Upside target prices are located at RM2.70 and RM2.87, with a long-term price objective of RM3.07.
“Supports at RM2.47, RM2.43 and RM2.40,” it said.
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By theedgemarkets.com / theedgemarkets.com | April 16, 2015 : 8:43 AM MYT
KUALA LUMPUR (April 16): The shares of [size=14]My E.G. Services Bhd ([You must be registered and logged in to see this image.] Financial Dashboard) have been grossly oversold, according to Hong Leong IB Research.
In a note today, the researcgh house said the stock was grossly oversold as substantiated by daily oscillators.
“Moreover, “Bullish Harami Cross” candlestick pattern on daily chart suggests potential reversal trajectory.
“Hence, we opine that share price is about to reverse the recent retracement.
“Upside target prices are located at RM2.70 and RM2.87, with a long-term price objective of RM3.07.
“Supports at RM2.47, RM2.43 and RM2.40,” it said.
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