Anyway, a breakout is a breakout and Dialog is now good a trading BUY. Since Dialog-WA has run up quite a bit, I prefer the share to the warrant in this play. Good luck...
Chart 1: Dailog's daily chart as at Mar 31, 2014 (Source: Tradesignum)
Chart 2: Dailog-WA's daily chart as at Mar 31, 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, Salcon.
4 comments:
Hi Alex,
i notice a cup and handle breakout for Fitters.
What do you think?
Thanks
Hi Alex-recently v heard about this RTO of symphony house bhd by ranhill Engergy. i hv never bought any symphony shares.what are your views of this piece of news/ will appreciate if u can throw some comments on the RTO.Tq
Hi lai,
The pattern for Fitters looks like a Cup-with-handle with breakout at RM0.90. Possible target is RM1.10.
We are nearing that target.
Hi Charles Leong,
I didn't study this Ranhill Energy's RTO of Symphony. I am cautious on Ranhill group from past experience. The recent aborted listing of Ranhill Energy reinforced my view that we need to be cautious & vigilant with this group. Why bother with it when there are so many stocks to pick in the market.
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