SUCCESS above $1.52 by 30-Apr-2010

  • target price: $1.52 ( 7.80 % in 31 days)
  • price when predicted: $1.41
  • current price: $3.32
  • 2786 days pass target date.
Weekly MACD just gold-crossed.
Currently it is testing 1.42 resistance.
I believe investors will soon discover this undervalued gem and make a reasonable offer.

ttm-EPS is 0.2154, hence P/E is now 6.58. A fair P/E of 8x will put the price at 1.72 easily.
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I Think So

Not Likely

Comments

EGM resolution passed
Catalyst for price re-rating
today's bottom 1.35 coincides with recent resistance-turned-support level.
i like success too ;) - the way this counter has been moving, and also the per approx. @ 6.

weekly:
it's weekly up trend is very much intact, as mentioned by jkasia there is a weekly macd x/o, but slightly in the overbought region at the moment, which may not be a bad thing.

my take:
with the daily momentum, i expect some further retracement at least until the price is going to test the short-term ma, which should happen between 1.24 and 1.28

unless, the counter should see a reversal candle against the 3 black soldiers, (1.35 as support?) within this week but i doubt so, looking at the current market sentiment, then 1.44 is the next target to take out.

by then, the weekly strength will continue and 1.50 is a modest target by end of the month.

_____
take my words with a pinch of salt.
typical buy on rumour sell on news, there is good level to collect around 1.25
was there any rumor on success?

if the current daily downtrend continues, the supposed weekly macd golden x/o may be a false signal. subsequently, we should expect another round bottom pattern with support base along the long term ma.
i think the rumour is SET shareholders will be allocated free SEB shares but turn out to be need to pay. fundamental wise SET is a good share.
indeed it was a rejection on the weekly macd golden x/o. expect further retracement to at least around the 1.20-1.23 level.
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