13 Feb 15 – Press Release – PUC Founder Stock Picks of the Day
PUC Founder, Stock Picks of the Day
PETALING JAYA, 13th February 2015 – PUC Founder (MSC) Berhad (“PUC Founder” or the “Company”), (ACE market listed, stock code: 0007), according to an independent research done by Kenanga Investment Bank Berhad is the stock picks of the day.
As stated in the write-up, the share price as seen from the chart had consolidated towards its multi-months support level and has also broken another support level above its 20-day SMA closing at RM0.14 on 27 January 2015 supported by a strong surge in trading volume. The recent surge in share price and trading volume showed that investors possess a high level of confidence in PUC Founder’s share performance.
In tandem with the recent high trading volume, all key indicators (MACD, Stochastic Indicator and RSI) are hooking upwards strongly. Thus, the analysts advocate for traders to embark on this golden opportunity to ride on the reversal trend. The research opined that the share price is expected to ascend towards RM0.16.0 which is the 100-day SMA level. Taking into account today’s closing price which stands at RM0.135 would portray an 18.5% upside potential.
Issued By: Management of PUC Founder (MSC) Berhad