SAPIND - Set for a new high

Sapura Industrial Bhd

Lets look at its chart.

1. On Thursday, very high volume has traded and formed a doji. In other word, during that day, someone has bought big  on this share, and a lot of shares were changing hand
2. MFI is going up. Currently higher than 50%, increase started from end of Feb
3. Stoch & Wm%R going up.
4. ADX, signal for trending not yet since below 20, but +DI already above -DI. should it remain or getting bigger, that time price should have been higher.
5. Next target of price is RM1.61, then RM1.69. If the bullish going to be strong and break RM1.69 then next target would be RM1.76.
6. The company just announced FYE, with 7.25% increase in profit.