by winston » Tue Apr 14, 2015 5:54 pm
not vested
Ho Bee Land (HOBEE SP, H13)
Technical BUY with 8.4% potential returns
Last price: S$2.26
Target price: S$2.45
Protective stop: S$2.19
We maintain the previous technical BUY (featured on 6 Feb, 26 Feb, 26 Mar 15) with a higher target price of S$2.45 (previously S$2.28 with stops raised to S$2.19.
Any potential retracement for now could be a shallow one and not exceeding below the previous tweezer at S$2.19.
In this case, the stock could continue its upward trajectory to retest its previous high 25 Apr 14.
The upper Bollinger band could continue to expand, and the positive DI could continue to rise correspondingly with its ADX.
Expected timeframe: 3 weeks to 2 months.
Our institutional research has a fundamental BUY and target price of S$2.68.
Source: UOBKH
It's all about "how much you made when you were right" & "how little you lost when you were wrong"