Thursday, March 24, 2011

Cypark could be a good trading BUY

Cypark is a newly-listed stock that specialized in "the application of environmental science and technology and strategic skills, to provide innovative and practical solutions for a wide variety of environmental problems". Go visit the company's website (here).

It is in talks with the government to close, upgrade and convert 32 non-sanitary landfills into renewable energy (RE) parks, a project that could involve an investment of some RM1 billion. For more, go here.

Today, Cypark has just broken to the upside of its triangle formation at RM2.65. With this bullish breakout, Cypark could potential hit a target of RM3.00-3.20. Based strictly on technical consideration, Cypark could be a good trading BUY.




Chart: Cypark's daily chart as at March 24, 2011_9.30am (Source: Quickcharts)
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7 comments:

  1. kcThursday, March 24, 2011 12:56:00 PM

    hi, alex.. can u do an analysis on lingui? it seems to be price at low pe compared to wtk, 14.86 cents per 2 quarter for RM1.75 share is amazing!

    ReplyDelete
  2. luckystockThursday, March 24, 2011 9:22:00 PM

    How is Cypark in term of fundamental?
    Is it overvalued? I read somewhere that its PE ratio is quite high.Tx!

    ReplyDelete
  3. IvanFriday, March 25, 2011 2:14:00 PM

    Hi Bro Alex,

    Any idea on JCY & Gamuda?
    Can trading buy as well?
    Thx

    ReplyDelete
  4. IvanFriday, March 25, 2011 2:14:00 PM

    Genm -broke up 3.50 .
    Can trading buy 2?

    ReplyDelete
  5. zi n yaoSaturday, March 26, 2011 9:54:00 AM

    hi alex, would like to know ur comments/analysis on MNRB. As we all know this stock performed quite well in the past few quaters but still no div been declared and price also keep on south heading. Do u know whether it has any business in japan or mideast?

    ReplyDelete
  6. kianSunday, March 27, 2011 5:45:00 AM

    can we buy umcca since they own more than 20% in pacmas?

    ReplyDelete
  7. AnonymousMonday, March 28, 2011 3:06:00 PM

    Hi Alex, please help me on Kian Joo's new divident yield policy as I'm a new shareholder and I'm still learning how to value their shares. Very much appreciate your help.

    ReplyDelete