Friday, January 03, 2014

Success- let the race begin...

Success broke above its 2010 high of RM1.39 last week. Success is swimming upstream against the jaws of the hungry bears; proving to everyone that nothing succeed as well as Success!!!

I had posted on this stock recently (here). From my simple projection, I put a potential target price of RM1.95 for the current move.

Based on satisfactory financial performance, attractive valuation & bullish technical outlook, Success may be a good trading BUY.


Chart: Success's weekly chart as at Jan 2, 2014 (Source: Tradesignum)

Note:
In addition to the disclaimer in the preamble to my blog, I hereby confirm that I do not have any relevant interest in, or any interest in the acquisition or disposal of, Success.
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5 comments:

  1. AnonymousFriday, January 03, 2014 10:17:00 PM

    Hi Alex-you have posted twice on success on 12/3/13 and 26/11/13.got in at 122 but alas was shaken out when it didnt moved inspite of the NTA at 183 which u pointed out.Goes to show v musthave patient.can go in again when it pulls back? what do u think?

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  2. laiSunday, January 05, 2014 2:35:00 PM

    Hi Alex,

    May i know what is your current technical assessment of Fitters pls.

    Looks like it breakout from its triangle pattern?

    Thanks.

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  3. Alex LuTuesday, January 07, 2014 8:53:00 AM

    Hi charles leong

    Patient is good virtue but it is a scarce commodity in the stock market. There is too much short-term-ism in the market. The players are aware of our weaknesses- greed, inpatient & fear- and they used them to their advantage. Be careful not to be drawn into the vortex of this whirlpool.

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  4. Alex LuTuesday, January 07, 2014 8:56:00 AM

    Hi lai,

    Fitters seems to be getting ready for its next upleg. If it can surpass the RM0.85 mark, it will take off.

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  5. laiTuesday, January 07, 2014 3:26:00 PM

    The greatest enemy is always oneself.

    No one saves us but ourselves. No one can and no one may. We ourselves must walk the path.
    - Buddha -

    ReplyDelete