FABER – MYR1.46 Stock Code 7229
FABER made a daily major Wave 5 low of MYR1.27 (9 Oct 2012) with grossly oversold and bullish divergent signals. We believe the stock is in a very firm daily uptrend. With all its indicators positive, we feel that FABER has the potential to test our indicated upside targets and resistance levels.
SHORT-TERM BUY (TECHNICAL) on dips for FABER, with its very firm support levels indicated above. Its upside target areas are MYR1.62 and MYR1.80, with stop-loss at MYR1.26.
Faber Group Berhad (FABER) provides hospital support and hotel management services, develops hotels, and operates as a hotel proprietor. It also develops and manages properties