Oct 19, 2012

Short Term Buy (Technical) On Faber

FABER – MYR1.46  Stock Code 7229

faber analysis

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 data

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

by MIB