UCHITEC (7100) -- A Beneficiary of Strong $$ USD $$ + Tech Stocks Rally
Author: kchia | Publish date: Tue, 21 Apr 2015, 11:55 AM
UCHITEC has a breakout today. As seen from the daily chart, it has break thru the ascending triangle.
As you may have notice, USD beneficiary stocks and Tech Stocks are the theme play in recent weeks. However, UCHITEC, a Tech Stock + USD beneficiary stock has yet to make any significant move.
UCHITEC is a slow and steady stock that pay out high dividend consistently, as it's backed with cash more than RM100 million, and it has zero loans.
I anticipate UCHITEC will be able to test the previous high of RM1.59 and make new high in coming days. I've bought into it at RM1.54/1.55 today. Wait and see and wish me luck!.
http://klse.i3investor.com
