Bursa Community
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Bursa Community

Bursa Malaysia Stock Forum - Enriching You!


CIMB Research has technical buy on Landmarks at RM1.10

Bursa Community :: Community News

Go down

CIMB Research has technical buy on Landmarks at RM1.10 Empty CIMB Research has technical buy on Landmarks at RM1.10

Post by hlk Wed 04 Jan 2012, 19:36

KUALA LUMPUR (Jan 4): CIMB Equities Research has a technical buy on
Landmarks at RM1.10 at which it is trading at a price-to-book value of
0.3 times.

It said on Wednesday Landmarks has been hovering near
its 30-day and 50-day SMAs after prices broke out of its wedge
resistance.

'We think a base has been formed and prices are likely to push for one more upswing,' it said.

CIMB Research said the MACD has staged a positive crossover while RSI
is above the 50 points mark. The next targets to beat are RM1.16 and
RM1.20. The 200-day SMA at RM1.28 would also be a magnet for prices.

'Traders may start to take some position now before the next upleg
kicks in. However, always put a stop at below RM1.03,' it said.
hlk
hlk
Moderator
Moderator

Posts : 19013 Credits : 45112 Reputation : 1120
Join date : 2009-11-14
Location : Malaysia

Back to top Go down

Back to top

- Similar topics

Bursa Community :: Community News

 
Permissions in this forum:
You cannot reply to topics in this forum