SCOMI above $0.34 by 31-Mar-2012

  • target price: $0.34 ( 11.48 % in 49 days)
  • price when predicted: $0.31
  • current price: $0.17
  • 2083 days pass target date.
Breakout detected with volume. This share has been a laggard for some time but with the amount of projects that its subsidiaries Scomi Eng has won, it is bound to go up. Buy on strength. Quarterly results expected to be out before end of February, and I'm cautiously optimistic it'd be a good one. Resistance would be strong at RM0.335 (unfortunately you can't key that figure into the prediction). If the bull is still in the market by next week, I'm confident this will start a run.
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Comments

Looks like a failed breakout..however latest quarterly results not out yet, so we'll take it from there.
OK, quarterly results and they're not good. Abort!
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