Technical | Fundamental Analysis Discussion Stocks Listed In Bursa

Thursday, July 8, 2010

Charts Tip HELP Intl May Rise To MYR4.30 -Maybank

[Dow Jones] STOCK CALL: Maybank IB Research rates HELP International (7236.KU) at Short-Term Buy based on charts with upside targets at MYR3.66, then MYR4.30. Technical analyst Lee Cheng Hooi says stock of Malaysia private college, university operator made a daily minor Wave 4 low of MYR2.10 in May, but recent steady gains above the 19-day, then 50-day moving averages "and a firm golden cross buy signal indicates firm upside bias movement," says Lee. Adds, positive crossovers from its daily signals also indicate further upside potential, with immediate resistance eyed at MYR3.51. On downside, support at MYR3.13, stop-loss at MYR3.11. Stock flat at MYR3.50.

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