Riding on the trend of the ‘new members IPO’
No doubt the ‘new members IPO’ consisting of ASTRO, IHH, and GASMSIA have always been on our focus since 2012 December.
Let us take a look at their performances up to date.
The start of uptrend begins at the end of March 2013 and has been consolidating for a period of weeks before it eventually break above its Resistant 1 today. Take note that during the period of consolidation there are no trend violation and shall there be any will be a cut loss point for a trend follower. Being able to close above its resistant 1 we may eventually see ASTRO revisiting its historical high at RM3.06 in the coming months.
To buy KPJ or to buy IHH? Start of uptrend begins at early March 2013 and has been trading uptrend all the way up. Now we may see IHH revisiting its historical high RM3.80.
GASMSIA start of uptrend begins at January 2013 and has been trading in an uptrend momentum over the past 4 months. Will it revisit its historical high RM3.03?