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I spotted this yesterday at 1.325 (before it closed at 1.34). Didn't manage to buy as i hesitated too long since i was still expecting to see a STI correction in the coming days. It has a nice bullish divergence between price and the various indicators. The first target for this rebound should be around 140-145. Don't think it will go below 122 since that was the M&A transacted price.
Some of my previous recommendations (such as Noble, Capital Retail China, Sembcorp Marine, Sembcorp Industries) have hit their second targets so you either take profit or remember to put trailing stops to them.
Happy trading.
Turns out the stock is suppressed cos OZ fund is distributing their shares at $1.33 range..
ReplyDeleteCan buy now?
ReplyDelete
ReplyDelete[[ anonymous 7 ]]
I think STX OSV has been renamed Vard Holdings (ticker code : MS7)
As of 27 AUG 2013 closing price is S$0.84.