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.

Friday, 22 November 2013

TAS (5149)

TAS OFFSHORE BERHAD                                                                                    SHAHRIZUL NAZLI


Share Analysis
Price has penetrated the stiffer uptrend line and eventually will find support at Fibo 38.2% to create a valid uptrend line (45 degree). RSI is
on the verge to cross out of oversold territory and indicates that rebound is imminent. Supported by price touched lower band of Bollinger. MACD lines are still hovering above 0 line indicates a strong uptrend, thus price will continue its upside move as long as MACD lines remain above 0. Volume complements the downside of the price suggested that TAS is in a healthy correction.

Trading Advice
Swing traders may start accumulating TAS to ride the rebound and put a stop loss below Fibo 38.2% line with an upside target at peak A.

Price Projection
Short term          - upside target RM 1.14
                           - stop loss RM 0.92 (Below Fibo 38.2%)

Medium term     - upside target RM 1.26 (All time high/ Peak A)
                          - stop loss RM 0.92 (Below Fibo 38.2%)
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1 comment:

  1. simplelifeadvocate6 December 2013 at 15:06

    good! tell the world yr skill. we need more of you guys to come out, nazri khan is well respected in sea of ca ya nun. - LCTH

    ReplyDelete

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