Boilermech Holding Berhad (BOILERM) manufactures, repairs and refurbishes boilers. The company primarily serves the palm oil milling industry, but has also designed boilers for the sugar milling, rubber-based manufacturing, food processing, and palm oil refining industries.
BOILERM made a major daily Wave 2 low of RM0.58 on 26 September 2011, with oversold and bullish signals. Furthermore, the positive indicators of the CCI, DMI, MACD, Stochastic and Oscillator indicators are supportive of much further upside. We feel that BOILERM will surge in the period mentioned above.
ACCUMULATE (TECHNICAL) on dips for BOILERM with its firm support areas of RM0.72 and RM0.82. The potential Wave 3 & 5 upside target areas is located at RM0.98, RM1.23 and RM1.51. Stop-loss is at RM0.70.
FBM KLCI: Key Points
- BOILERM – On a very strong Wave 3 surge
- FBMKLCI – “Gap-filling” decline
- Obvious supports of 1,458 & 1,477
- 1,480 & 1,503 will cap the rebounds
Some trading stocks that we like are: AEONCR, AFG,
ARMADA, CARLSBG, GENP, GENTING, KFIMA,
MBFHLDG, MUDA, ORIENT, TM, TWSPLNT and WIJAYA.
(Information from MBB)
No comments:
Post a Comment