UCrest Bhd was formerly known as Palette Multimedia Bhd.
The share price has tested the resistance zone (between RM0.355 and RM0.37) several times but failed to break it with recent event on 13 July 2018.
Even with relatively high volume, the share price not only failed to break the resistance zone but closed bearishly for the day.
Daily chart.
Last posting - Palette Multimedia Bhd (KLSE : 0005) - Resistance Zone Breakout !
Note
: S-Trader indicators/tools are not part of Metastock software package.
It is our proprietary system/tools. If you have any further inquiries,
please feel free to Contact Us.
Source :
1) Metastock
Hibiscus share price has been trading side-way for most of 4th quarter 2017 until mid of Dec. Then came an interesting article published by Focus Malaysia on Issue # 263 Dec 16-22, 2017. Below is the extract from the article.
However, with the US$25 mil (RM101.43 mil) acquisition on the verge
of being completed, Malaysia’s first listed independent oil and gas
(O&G) exploration and production company has to grapple with some
uncertainties relating to the oilfield.
One of them is that the data on the reservoir is dated (as of 2015).
Additionally, a former O&G engineer says oil production in the North
Sabah oilfields may have a water cut of up to 80%.
A water cut is the ratio of water produced compared with the volume of total liquids from an oil well.
The engineer says in a well-producing oil with 80% water cut, the
cost of handling the wastewater can be as high as US$4/barrel of oil
produced.
“In some parts, water production is increasing as fast as the reservoir oil rates are declining,” he tells FocusM.
For more details, Uncertainties loom over Hibiscus' Sabah oilfield
Thereafter,
the share price experienced minor pullback before the big rally that
pushed the price to a new high of RM1.17 on 15 January 2018.
Daily chart.
Note
: S-Trader indicators/tools are not part of Metastock software package.
It is our proprietary system/tools. If you have any further inquiries,
please feel free to Contact Us.
Source :
1) Metastock
2) www.focusmalaysia.my
On 26 March 2018, StarBiz reported Kenanga Research maintained outperform on Hai-O Enterprise with an
unchanged target price of RM6 as 9M18 net profit of RM58.6mil came in
within both its and consensus expectations at 70% of full-year
forecasts.
More details, Kenanga maintains outperform on Hai-O.
Recently, StarBiz reported Hai-O Enterprise Bhd’s
net profit fell 12% year-on-year (y-o-y) in its fourth quarter ended
April 30, on the back of lower revenue contribution from its mainstay
MLM business.
More details, Hai-O net profit down on lower contribution from MLM business.
The following day, 28 June 2018, StarBiz reported Affin Hwang Capital Research has a "buy" call for it.
More details, Hai-O "buy".
Weekly chart.
Immediate Support Zone : RM4.39 to RM4.70.
What do you think the outcome ?
Note
: S-Trader indicators/tools are not part of Metastock software package.
It is our proprietary system/tools. If you have any further inquiries,
please feel free to Contact Us.
Source :
1) Metastock
2) www.thestar.com.my
