PUC IS THE STOCK - TARGET PRICE: 24SEN NEXT WEEK
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PUC is still on bullish trend. It has been on long-term bullish trend since early of this year.
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I refute any downward reversal in PUC because I do not see sign of it yet.
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Current trend is in healthy consolidation. Look at technical below.
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MACD
daily is on positive divergence. The histogram (in the circle) made
deep low in April 2017 for correction but then crossed above zero line
on rebound before it dropped back below zero line recently. However,
this time MACD histogram made higher low and now about to cross above
zero line to resume its uptrend.
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This is the sign of accumulation if you understand it well!
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I bet the share price would resume uptrend by this week and ready to hit 23-24sen by next week.
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But first, will test 20sen psychological level first before hit 23-24sen.
http://klse.i3investor.com/blogs/glorystocks/125704.jsp
