With this, the market becomes bullish again on MISC. The stock rallied ahead and broken above the line connecting its recent highs. MISC may test its next horizontal resistant levels at RM9.00 or RM9.50. At these prices, MISC would be trading at PE of 18 or 19 times its rolling EPS of ~50 sen. These would be a good level to take profit on this stock.
Chart: MISC's weekly chart as at Feb 26, 2015_11.00am (Source: ShareInvestor.com)
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, MISC.
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, MISC.
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