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Monday, April 07, 2014

Spritzr: Bullish breakout

Spritzr has just broken above its flag formation at RM1.85 this morning. Wuth this breakout, Spritzr is likely to continue with its prior uptrend. First target is RM2.17.

Based on technical breakout, Spritzr could be a good trading BUY.


Chart: Spritzr's weekly chart as at April 4, 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, Spritzr.

6 comments:

gwynwelsh said...

Dear Alex,

What do you think of MPHB Capital? I hear that they are forming an alliance with an Italian insurer for its insurance arm, Multi Purpose Insurance.

panaceaasia said...

If the proof of the pudding is in the eating, I love Spritzer's products. The mineral water and Pop.

lai said...

Hi Alex,

May i have your view on EUPE?

Thanks!

yeap boontat said...

Hi Alex, is Spritzer a good stock to keep for long term? pls advice tq

Alex Lu said...

Hi gwynwelsh

MPHB Capital is a stock in a gradual uptrend. Today it broke above the RM2.00 mark. I would recommend that you stay with it.

Alex Lu said...

Hi yeap boontat

Spritzer is a good stock, long-term & medium-term. It has a few good brands. Its production cost is not high. However it is not cheap any more.

I suggest that you buy on weakness and hold it for longer term.