Recently, I found she has just broke above the 200MA which quite a lot of stocks in KLCI
still below this.
TA (Technical Analysis)
MACD 4R1G just flash buy signal and now her price is following a short term uptrend line.
Entry will be 1.64, Stop loss close below 1.55 & Profit at 1.69. Volume after 10am need to be >85k units.
Hmm, technically, the risk reward ratio is not attractive. Only Fast in Fast out. Well, what about bull & hold for a while in fundamental point of view ?
FA (Fundamental Analysis)
I have go thru her 2002~2011 EPS growth. Very attractive in the last 5 years. Based on the growth & earnings, she at least worth >1.83 (her recent peak). Cashflow is good. I'm in the middle of checking her intrinsic value (= her real worth if you treat yourself a long term investor), will blog out her worth later.
At 1.62 today, her PE ratio =6 .
25/Oct
Finally calculated out her intrinsic value (Fair value for some may use), she worth about 1.86 after taking into consideration she is a small cap & also assuming her EPS growth will be consistent or similar to these recent few years. I would rate her as a HOLD for FA point of view. Note : My rating for Accumulate for FA stocks is those with huge discount >30~50%% from her intrinsic value.
Hi Rei
ReplyDeleteA doji formed on 25th, confirming resistance at 1.64. I think those with position should sell first , at least half . If price does not hold at SMA-200, then we should be totally out.
Moreover, the Market looks ripe for a correction. Do you agree?
Hi 111,
ReplyDeleteYes, as in my chart, 1.64 is drawn as resistance. As per my buy call that day, she did not reach 1.64, so NO entry was done. For those with profit, yes, take half profit. For those entered slightly earlier and not follow entry plan, need to see the confirmation first. Mr Market has not confirmed she has started retracing, so we need to wait for confirmation, otherwise we in out in out too frequent to the benefit of our brokers :)
Hi Rei
ReplyDeleteThanks. You are good. And you are fast and transparent with your reply. In future I shall post my queries in the evening so that we can discuss before ACTION. I followed you on Supermx. Thanks
Rei
ReplyDeleteBut this Market is getting a bit too high too fast for my liking. Dow jones has 3 days consecutive lower highs and resistance at SMA-200. 2 days ago it formed a black cloud cover .
Fbmklci- today facing resistance at 1465 again (gap). Rsi. Is showing negative divergence as of yesterday.
Maybe should take profit.?
Bingo ! Supermx has reached my RM 3.60 profit target , time to take profit , if u are aggressive type , can still keep half . ;)
ReplyDelete