Peterlabs steeply oversold, says HLIB Research
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Peterlabs steeply oversold, says HLIB Research
Peterlabs steeply oversold, says HLIB Research
By theedgemarkets.com / theedgemarkets.com | February 15, 2016 : 8:31 AM MYTKUALA LUMPUR (Feb 15): Hong Leong IB Research said Peterlabs Holdings Bhd was steeply oversold and that it sees limited downside risks and potential reversal to upside, underpinned by the formation of ‘Dragon Fly’ dojis and steeply oversold slow stochastic.
In a note today, the research house said a decisive breach above 26.5 sen is likely to spur prices higher towards 28 sen-31.5 sen levels.
“Key supports are 23.5 sen-24.5 sen. Cut loss at 22.5 sen,” it said.
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