(9318)
Background
An investment holding company, commenced its operations in the 1970s. Over the years the company has established itself as a "one-stop" fire protection specialist. Now, the Fitters Group is recognized as a leading local manufacturer of fire & safety products, which carries out specialized installation of fire fighting equipment and systems. Besides being focused on fire fighting and safety, Fitters is embarking into areas of infrastructural development and engineering solutions contracting through its engineering division.
Candlestick
At the moment, Price has penetrated and crossed cloud.. that shows how strong on last Friday's push is. Bullish should has taken over after a long downtrend where previously price had failed to penetrate the cloud. From chart, you can notice the divergence has formed on AO..
Resistance could be seen at 0.64(R1) as it will try to break gann angle of 4x1, before heading to 8x1..
R2 at 38.2% fibo + gann angle of 2x1.. Finally at 0.74(R3) as calculated from P&F.
P&F
0.74 might not be immediately. However, share will try to go there.
If you check IB's TP, their valuation is in range of 0.85~0.95.
| Date | Open Price | Target Price | Upside/Downside | Price Call | Source |
|---|---|---|---|---|---|
| 28/02/2013 | 0.57 | 0.95 | +0.38 (66.67%) | BUY | HDBS |
| 15/01/2013 | 0.61 | 0.85 | +0.24 (39.34%) | BUY | RHB |
On FA,
Substantial Shareholders have been collecting the share in the last 3months.