Wednesday 2 November 2011

SBCCORP

TA
Her price action have climbed out of the Falling wedge but still lack of volumes . (Breaking out of a falling wedge will leads to price action going upwards).
No signal from MACD yet but there is a few reds, if turn green, then there will begin the climb.
Price still above 20MA.
So, to entry, wait for MACD signal.

FA
Intrinsic value = RM1.48 based on 25.8% growth (provided she can maintain this growth rate)
So, now at 36% discount.
Fundamental wise, I would rate her : HOLD/SMALL BUY since we are not out of longterm downtrend .



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