Stock Name: HELP
Company Name: HELP INTERNATIONAL CORPORATION
Research House: CIMB
KUALA LUMPUR: CIMB Retail Research has a Sell on HELP International at RM4.33 which is FY11 price-to-earnings 16.8 times and'' price-to-book value of 3.6 times.
It said on Monday, July 26 that HELP rallied to an all time high of RM4.80 last week but momentum failed to carry through. The black candles formed over the past few days suggest that the RM4.80 high is a level of significance.
'Unless prices can overcome this level, the stock could head towards the RM3.73 support trend line soon. The gap at RM4.30-RM4.05 could also be a magnet for prices. Falling further below its 30-day SMA at RM3.36 would likely confirm that the uptrend from June has ended,' it said.
CIMB Retail Research said although it cannot write off the possibility for a stronger rebound, it thinks this is a low probability scenario. Hence, its strategy here is to unload on strength, especially near the RM4.80 resistance.
Company Name: HELP INTERNATIONAL CORPORATION
Research House: CIMB
KUALA LUMPUR: CIMB Retail Research has a Sell on HELP International at RM4.33 which is FY11 price-to-earnings 16.8 times and'' price-to-book value of 3.6 times.
It said on Monday, July 26 that HELP rallied to an all time high of RM4.80 last week but momentum failed to carry through. The black candles formed over the past few days suggest that the RM4.80 high is a level of significance.
'Unless prices can overcome this level, the stock could head towards the RM3.73 support trend line soon. The gap at RM4.30-RM4.05 could also be a magnet for prices. Falling further below its 30-day SMA at RM3.36 would likely confirm that the uptrend from June has ended,' it said.
CIMB Retail Research said although it cannot write off the possibility for a stronger rebound, it thinks this is a low probability scenario. Hence, its strategy here is to unload on strength, especially near the RM4.80 resistance.
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