PROTASCO BHD (symbol: PRTASCO | stock code: 5070)
PRTASCO made a minor Wave 4 low of MYR1.38 (4 Feb 2014) with grossly oversold and bullish signals. All its positive chart signals above suggest an imminent upward move. It is likely to break into higher territory, as it breached its key resistance areas in a bullish upward Wave 3 and 5 move.
below: PRTASCO Daily Chart (click to enlarge)
SHORT -TERM BUY (TECHNICAL) on dips for PRTASCO, with firmer support and clear upward target areas of MYR2.04, MYR2.60 and MYR2.68. Its stop-loss is at MYR1.61
Protasco Berhad (PRTASCO) is an investment holding company. The company, through its subsidiaries, provides road construction, rehabilitation, maintenance and engineering services. It also manufactures road construction materials.
by Maybank IB
