KLSEPSP - PERISAI target 0.93

PERISAI (0047)
INDUSTRIAL PRODUCT

This is chart for PERISAI

1. Wm%R and Stoch are on up trend reaching overbought area.
2. RSI & MFI at 50% on up trend. As more buyer coming in and more money injected into this stock, will see uplift in price.
3. Momentum will go higher if RSI & MFI keep on going up to 70% and 80% respectively.
4. CCI also in good shape.
5. ADX= +DI above -DI and crossed 3day ago.
6. In 2days latest trade, price tried to go higher, but dropped down by seller.
7. Black lines show the resistance and support in previous trade.
8. If uptrend persists, then next target is 0.93, then RM1. At the moment, highest target is at RM1.11. If could break this price, hope to reach at red circle as in
9. Cut loss at 0.80.

Below is the target by 3 IBs.

Date	Open Price	Target Price	Upside/Downside	Price Call	Source
05/04/2012	0.85	1.50	+0.65 (76.47%)	BUY	CIMB
28/03/2012	0.87	1.13	+0.26 (29.89%)	BUY	MAYBANK
23/03/2012	0.895	0.95	+0.055 (6.15%)	BUY	JUPITER

As comparison, Maybank call quite similar to mine, while CIMB is too far higher. Share Acquired: OVERSEA-CHINESE BANKING CORPORATION LIMITED (5.39%) MERCURY PACIFIC MARINE PTE LTD (10%) News Perisai Petroleum up, MD to buy 66m shares Happy Holiday.