Weekly market analysis covering Singapore, US, Hong Kong and China — stocks, REITs, ETFs and trading perspectives.
Tuesday, June 19, 2012
Sakari Resource
Sakari Res was badly battered in this round of selling down. It dropped from its peak (6months high also)2.6 to as low as 1.16 last week, more than 50% drop. It had a consolidation over the past two weeks in between 1.16 to 1.3, and moved higher yesterday. It was expected to continue rebound if it break above the gap resistance 1.37.
I have two target price: 1.50 then 1.70.
I have two target price: 1.50 then 1.70.
Labels:
Long Candidates(Sg),
SG Mkt
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