Thursday, January 12, 2012
Security Name:
PADINI HOLDINGS ORD (7052)
Technical Analysis:
Huge volume detected today at this counter and will bullish this few day. The stochastic also showing a buy signal. After a chock out chicken investor at the blue area, the worst is gone and the rally is begin from the lowest price. The volume cant lie as the volume keep increase even after the cum-dividend. The chart also showing a history where the price fly at the Chinese new year rally just after the split. So I predict that the history always repeat, they might announce some news on Chinese New Year sale on their cloth and accessory outlet.
Strategy:
Buy below @ 1.13
Cut lose @ 1.07
Target Price @ 1.2, 1.23, 1.29
Sell all when announced a good news when CNY for a maximum profit
