KLSEPSP - TSH next target?

TSH Resource
Plantation

After share split due to bonus, price has slowly increase.

• For the 1st lift, price increased by 61.8% fibo.
• 2nd lift, price increased by 138.2% fibo.
• 3rd lift, price increased by 100% fibo.
• 4th lift, at the moment, price can consider increased at 61.8% fibo. The question is, in the 4th lift, can the price continue to increase to 100% fibo or maybe 138.2% fibo?

Let's check on chart.

1. Wm%R & Stoch are positive.
2. RSI & MFI increasing and reaching 70% & 74% respectively.
3. MACD is in bullish territory, and just cross with histogram above 0.
4. ADX= signal line has been on trend for quite sometime. with +DI at 40 and -DI at below 20.
5. 1st, need to break RM2.45, once broken, next target is RM2.56 (100% fibo) and RM2.67 (138.2% fibo).

Below is buy call from 3 latest IB (since Feb)

Date	Open Price	Target Price	Upside/Downside	Price Call	Source
27/02/2012	2.15	2.88	+0.73 (33.95%)	BUY	JUPITER
24/02/2012	2.16	2.88	+0.72 (33.33%)	BUY	JUPITER
23/02/2012	2.15	2.65	+0.50 (23.26%)	BUY	OSK