FABER– MYR2.50 (Stock Code: 1368)
FABER made a major Wave 4 low of MYR2.25 (28 Aug 2013) with grossly oversold and bullish signals. Most of its positive chart signals above suggest a Wave 5 uptrend. It is likely to break into higher territory in a potential Symmetrical Triangle breakout, as it breached its key resistance areas in an upward Wave 5 move. SHORT-TERM BUY (TECHNICAL) on dips for FABER, with firmer support and clear upward target areas of MYR2.63 and MYR3.02. Stop-loss is MYR2.23.
Faber Group Berhad (FABER), through its subsidiaries, provides hospital support services, hotel management services, develops hotels, and operates as a hotel proprietor. It also develops and manages other properties.
by Mayban IB