Super Grp: Technical Sell Call by CIMB with a potential 7.9% return. Recommends Sell with a TP of $1.64. Stock is likely to retrace from its all-time intraday high of S$1.84 as a bearish engulfing candlestick pattern has been spotted. In addition, trading volume has been declining.
The Stochastics indicator suggests that the stock is overbought and has crossed below its signal line in the overbought region. Alternatively, investors may exit their longs if prices move above S$1.90. House insti research has a fundamental BUY with TP of $1.87.
No comments:
Post a Comment