Based on the above observation, I believe Tuneins support at the RM1.80 horizontal line is good. It could begin to recover from here.
Chart: Tuneins's weekly chart as at April 24, 2015_4.00pm (Source: Share Investors)
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, Tuneins.
6 comments:
Hi Alex,
What do you of Insas based on the latest chart pattern?
Thx.
Hi Alex, do you know any klse company which is associated with solar energy business?
Hi Ming Hoong Law
Insas is in an intermediate downtrend with resistance at RM1.05. It should have support at the horizontal line RM0.90.
If Insas can break above the RM1.05 mark, it may revisit its recent high at RM1.30.
Hi Ks,
There is an article in the Edge Weekly on solar power. It mentioned 3 companies in this business: VSolar, PUC & Cypark.
Cypark is the big brother in this business. It is a profitable company with a rolling PER is 9X.
PUC is also a profitable company with a rolling PER of 16X.
VSolar is a loss-making company that is hoping to get into this business.
I think the safe bet is Cypark. At the current price, it may be worth considering.
someone recommended tekseng to me, any comments.
Hi Ks
Tekseng had a nice rally from the low of RM0.50 in March to a recent high of RM0.63. The current correction has taken out a lot from this stock. That's good. However, the momentum is pretty much gone. That's not good. It may drift for a while...
Please check the fundamentals before buying.
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