PERWAJA Steel's IPO listing on 20 Aug 2008.
The fundamentalists are asking what is the fair value of PERWAJA. On the other hand, the traders are asking whether the IPO will bring some sparks to steel stocks, especially KINSTEL.
For those who are lucky (Strike their IPO Application), they are waiting for PERWAJA opening price tomorrow. For those who are looking for the proxy, KINSTEL may be the target one.
Let's look at KINSTEL technical reading. Immediate support is RM 1.07, double bottome is formed at this level. This translate to, the risk is quite minimum at RM 1.07 for immediate term. TIME TO BUY ?
The fundamentalists are asking what is the fair value of PERWAJA. On the other hand, the traders are asking whether the IPO will bring some sparks to steel stocks, especially KINSTEL.
For those who are lucky (Strike their IPO Application), they are waiting for PERWAJA opening price tomorrow. For those who are looking for the proxy, KINSTEL may be the target one.
Let's look at KINSTEL technical reading. Immediate support is RM 1.07, double bottome is formed at this level. This translate to, the risk is quite minimum at RM 1.07 for immediate term. TIME TO BUY ?
Posts
No comments:
Post a Comment