Disclaimer

Disclaimer :We shall not be liable for any direct or consequential loss arising from any use of material contained in this publication. The information contained in this report is based on data obtained from sources believed to be reliable and opinions formed are from belief of the individual author. The Publication should not form basis to be relied upon in decision making. Any future outlook,forecasts or any future interpretation are in no event guaranteed and are merely opinions and views of the author.

Tuesday, 19 November 2013

GUH (3247)

GUH HOLDING BERHAD                                                                                     SHAHRIZUL NAZLI


Share Analysis
GUH is currently in a short term healthy correction prior to its upside move. A reversal of short term trend is to be expected as lower band of Bollinger has been expended. It is backed by
a rebound made by RSI at possible market bottomed in oversold area. However, recent data shows that RSI and MACD are currently pointing down thus indicates that price may go down further before it reverse. A reversal doji of candlestick can be seen at recent closing and it indicates that rebound is imminent. Failure to stay above Fibo 50%, prices will correct further.

Trading Advice
Swing traders may want to collect at the start of a rebound to take advantage of the healthy correction with an upside target at Peak A. Put a stop loss slightly below Support level.

Price Projection
Short term          - Upside target RM 1.07 (Peak A)
                        - Stop loss RM 0.925 (Slightly below SupportLevel)
Medium term     - Upside target RM 1.14 (Peak B)
                         - Stop loss RM 0.925 (Slightly below SupportLevel)
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1 comment:

  1. Anonymous23 November 2013 at 20:20

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    ReplyDelete

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