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Main worry now is sell on news for next week, so it's a risk that all of us must take into consideration.
If results below expectations, then will be v ugly (like longcheer), so pls take note of price actions for today n tmr. usu insiders will buy up till results out...then dump to retail players.
BUT if there's rights / bonus shares etc on friday, then it will be another story ..
I am quite sceptical CG can hit past 80, let alone 88. Not that it is not good, but mainly coz
1) MACD very high into overbought region
2) "buy on rumor, sell on news" mindset - given its result gonna be out this week
3) at this point of writing, DOW is down by 52pts :(
anyway still "hope" there is miracle happening , boz me vested too!
CG tech is scheduled to have its results posted on Friday (23 Feb). Source - sgx
Westcomb TP of 94 cents
iOCBC TP of 89 cents.
Vested...
CG tech closed today at its highest point at 74 cts, and the RSI is at 78 which means this stock is about to move higher and faster. If it can break out of its trend channel at 75.5 cts with high volume, then its target price of 88 cts could be achieved in the next couple of days.
The result will be out today after the market close. Cheers.
The result will be out by this weekend,may be earlier?
when is the result going be out?
This stock opened a gap and move up to 73 cts shiftly, gaining 5.5 cts early morning. I strongly beleive that the upward movement of this stock is not finish yet, continuing moving south will be seen when releasing of the FY result. Hope everyone gets big hongbao.
This counter will break new high at 69.5 cts tomorrow, RSI is at 72, which means the stock is just gaining strength after the correction recently. Its minimum target price will be 88 cts.