TEKSENG (7200) - TEKSENG - A CHART OF PERFECTION
Dear i3investor community, valued investors and friends, do have a look at this chart, TEKSENG.
TEKSENG has been on a downtrend for 7 months now from an astonishing peak of RM 1.41 last year. Logically speaking, the share price fell to a low of RM 0.65 in recent weeks of trading. That is an outstanding 53% drop from its peak of RM 1.41 in August 2016 last year! Yesterday's price action showed a significant trend reversal accompanied with breakout with high volume. If you take a closer look at the chart, TEKSENG has barely rebounded in all it's previous sell-offs within the 7 month period. This time, the rebound is fierce and strong, accompanied with high buying interest and volume by investors. Therefore, this stock is signaling great potential upside. Do take note that there is a 'Gap' to be filled which was created in 26th Sept 2016.
Immediate Resistance for this stock lies at RM 0.8 followed by RM 0.93 and RM 1.15.
The surge and reversal in volume and price respectively would definitely SPARK great interest within investors. Support can be found at RM 0.75.
If you are an investor with high risk appetite, TEKSENG has a warrant which only matures in 2020 which is an equivalent of 1029 days to maturity. The warrant is now at RM 0.59 and is only trading at a premium of 7.69% !
This chart is featured on my subscription on the 8th February 2017 ! Hey, good things don't come for free and it is probably one of the best bargains already ! To Subscribe,
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Thank you.
Best Regards,
Stanley SIm
About The author :
Stanley Sim
Stanley Sim
Champion, Kentrade Trading Challenge II 2015
Regional Champion CIMB ASEAN Stock Challenge 2016
Regional Champion CIMB ASEAN Stock Challenge 2016
Details can be found in newspaper articles offline and online.
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Disclaimer : This is not a buy or sell recommendation. I will not be
held liable for any losses or investment decisions made. This article is
just for sharing and educational purposes only.
TEKSENG (7200) - TEKSENG - A CHART OF PERFECTION
http://klse.i3investor.com/blogs/stanleysim/115416.jsp
