Poll

What indicators that you mainly use in Technical Analysis (TA)?
Moving Average (SMA/EMA)
RSI
Stochastic
MACD
Ichimoku Kinko Hyo
Volume
Momentum
Poll Maker

Wednesday, 28 March 2012

Potential Banking Stock

Lets see the FINANCE index first. The past 2 days, index was going up to 14272.
If bullish persist, index possible to go up more to 14308 and next 14391.
Therefore, lets see what potential bank stock at the moment.



BIMB

With some indicators, they show quite positive. If momentum is there, share possible to go up. Hopefully will reach RM2.41 (+0.110)


CIMB
With positive indicators, possible of reaching RM7.80 (+0.180)


HLBANK
Been on uptrend these few days. First target has reached at RM12.26, now will try to break and reach RM12.53 (+0.250).

RHBCAP
For the final bank, I pick RHBCAP with today closing quite promising.
With fibo projected, I think no problem to reach RM8.12 (+0.130)


With tomorrow is SUPER WEDNESDAY, together with INDEX trying to march to 1600, maybe tomorrow will be a bright day.

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