CANONE
Technical Analysis. A saucer base with very low volume for roughly 5 months form a strong and highly potential base for the stock. Recent trending up of the price since the announcement reflect potential institutional accumulation. Price-to-volume action is normal and positive.
Market Analysis. Current market condition of strong bull run in the KLCI, coupled with excellent publicity of the stock market from the mass media indicate very positive signs. In a bull market, relatively little probability for earning announcement as CANONE had will not attract attention form the investors.
Conclusion. Buy and wait for the overreaction from investors and speculators.
No comments:
Post a Comment