Thursday, 1 August 2013

Technics oil&gas accumulation?

This stock came up from my weekly scan using 'mygateway' and putting in the criteria of high ROE and dividend. Upon further check, most of the Internet article shown that fundamentally it is poor. The most recent report can be gotten from here, SG-Technics_Oil__Gas_20130520.pdf

However, on looking at the chart, from TA perspective, the 10MA is trending up but there is still alot of resistance as it is still below the 200MA which is arching down. Check out the red box, it seems that since May, folks are accumulating this stock ... ...

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