LCTH (5092) - LCTH - SPARKING MOMENTUM
Dear Valued I3investor community, investors and friends,
Do take a look at LCTH's Chart,
LCTH is a company involved in the manufacturing of precision plastic parts & components. This company has exported its products internationally in the United States, China, Singapore and many more countries.
LCTH last created its all time high in November 2015. This stock has only seen a year of retracements and consolidation in 2016. However, the stock appears to have broken its downtrend line. Could there be a trend reversal based on the charts? There has been a buying interest with volume increasing since the start of this year. The stock is currently trading in an uptrend channel. With the market in a bullish mode, this stock may test the first resistance of RM 0.6 followed by RM 0.66 (gap fill level). Support can be found at RM 0.55 which is a level also supported by the 200 Day MA.
This stock is also trading at a PE of 11.43 and a NTA of RM0.565 in the last 4 Quarters, (12 months trailing). LCTH also has a high dividend yield of 7.02% the last 4 Quarters. Fundamentlly and technically, LCTH looks like a decent counter to trade in this market. This chart is my featured chart for today's full report
As many of you may have already known my previous calls on ARMADA, TEKSENG and SENDAI, you may have a brief idea of my trading styles and strategy. I do have a special preference towards trading momentum and growth stocks. In addition to that, I do combine FA and TA with logic and analysis to make my final investment decision. This stock is my featured chart for today's full report.
Follow up on stocks which I categorized in my SPARK, RETRACEMENT and REBOUND list is available in the full report. I am eager to trade in both bull and bear markets as I have classified stocks in each portfolio category selectively.
Warm Regards,
Stanley Sim
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Disclaimer : This is not a buy or sell recommendation. I will not be
held liable for any losses or investment decisions made. This article is
just for sharing and educational purposes only.
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LCTH (5092) - LCTH - SPARKING MOMENTUM
http://klse.i3investor.com/blogs/stanleysim/115798.jsp
