HOMERIZmade a major daily Wave 4 low of MYR0.99(28Apr 2015) with grossly oversold and bullish signals. All of its positive signals above suggest a very strong daily uptrend. It is likely to break into higher territory, as it breached its key resistance areas in a very clear Wave 5 surge.
SHORT-TERM BUY (TECHNICAL)on dips for HOMERIZwith very firm supports of MYR1.36 and MYR1.45as well as upward target areas of MYR1.52and MYR1.82. Stop-loss is at MYR1.34.
Source: Maybank Research - 4 Jun 2015
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