I do mainly technical analysis on SGX and KLSE and very little on HKSE.
Monday, September 13, 2010
KLSE: Topglov (7113)
The reversal can be seen on 09/09/2010. Today (13/09/2010), the stock shot up for 32
cents with a super high volume and break above the downtrend line. Besides, the candle also
rebounds back to the 200 Moving Average line above. The blue line in MACD indicator also
crossing up the red line. With all these, it shows a good sign and buy in signal. However,
TA research warned that this stock might have a little poor fundamental result for 3Q. They l
lowered their target price from 7.50 to 6.50. So for those who buy this stock should be very
careful and cautious on its volatile moving. Sorry for not giving the link of the research report
because it could only be read by clients of TA berhad.
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