Bursa Alert
Global Market
NewsBina Puri ready to trade higher, says AllianceDBS Research
Page 1 of 1
Bina Puri ready to trade higher, says AllianceDBS Research
by Cals Thu 15 Oct 2015, 17:34
Bina Puri ready to trade higher, says AllianceDBS Research
By theedgemarkets.com / theedgemarkets.com | October 15, 2015 : 8:16 AM MYTKUALA LUMPUR (Oct 15): AllianceDBS Research said Bina Puri Holdings Bhd (BPuri) was ready to trade higher and that BPuri had on Oct 13 crossed over the 47 sen hurdle to reach a high of 49 sen before closing at 47.5 sen (up 1.5 sen or 3.26%).
In its evening edition yesterday, the research house said BPuri continued to trade above the 20-day and 50-day moving average lines.
“Following the up close on Oct 13, the stock is expected to test higher level again with immediate hurdle at 49 sen.
“A crossover of 49 sen should see further price rise to the next overhead resistance zone, 52 sen – 53 sen.
“The support is pegged at 45 sen. A fall below 45 sen would put pressure on the stock down to the subsequent support zone, 42 sen – 43 sen,” it said.
AllianceDBS Research said stock volume traded on Oct 13 was 1.82 million shares compared to the 3-month average volume of 370,000 shares.
The research house said that indicators wise, the MACD was above the 9-day moving average line with the buy signal remains intact.
It said the relative strength index indicated that the stock was currently in the overbought zone.
Cals- Administrator
- Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
Location : global
Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€
d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis
Similar topics» Omesti ready to test higher level, says AllianceDBS Research
» Ikhmas Jaya ready to test higher, says AllianceDBS Research
» Aug 5th - Stocks To Watch Bina Puri, DRB-Hicom, Industronics, Bina Goodyear, Econpile and Oriental Food Industries
» OSK Research: LFE Corp may trade higher after peaking at 27.5 sen
» OSK Retail Research: HWGB may trade higher
» Ikhmas Jaya ready to test higher, says AllianceDBS Research
» Aug 5th - Stocks To Watch Bina Puri, DRB-Hicom, Industronics, Bina Goodyear, Econpile and Oriental Food Industries
» OSK Research: LFE Corp may trade higher after peaking at 27.5 sen
» OSK Retail Research: HWGB may trade higher
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum|
|
|