KPS RM0.36 Stock code 5843
Kumpulan Perangsang Selangor Berhad (KPS) manages construction projects, develops and operates tourist resorts and recreational facilities including golf clubs through its subsidiaries. It also provides educational services and manages an equestrian facility.
below: KPS Daily Chart (click to enlarge)
KPS made a major daily Wave 5 low at MYR0.87 (19 Dec 2012) with grossly oversold and bullish divergent signals. Most of its positive indicators above suggest a strong upside move. It is likely to break into higher territory, as it breached its key resistance areas recently in upward Wave 3 and 5 impulsive moves.
SHORT-TERM BUY (TECHNICAL) on dips for KPS, with firmer support areas at MYR1.11 and MYR1.29 and upside target areas of MYR1.40, MYR1.50 and MYR1.68. Stop-loss is at MYR1.09.