KLSE TechWiz - Jaks 4723

Stock Name : Jaks
Stock Code : 4723

Price : RM 0.55 (11th February 2015)
Target Price : RM 0.75 (35% upside, or 20 cents)

Jaks is rising up along with momentum, with saw MA20 crossing the MA50 along with reasonable volume. Although RSI had remained in the bullish range, it had been showing some divergence of falling back in the coming days. However, the outlook for Jaks in a short term outlook is uptrend

According to Elliot 5 Waves analysis, Jaks might had climbed on the 3rd wave and currently is consolidating at the 4th wave now. Jaks will possibly see a final 5th wave.

Price Target :  1st - RM 0.65 
                         2nd - RM 0.75


Reference News

1. Jaks awarded RM 55.3 million Langat 2 supply and installation pipe jobs
2. Jaks strong contender for Langat 2 supply pipes and installation

KLSE TechWiz - Salcon 8567

Stock Name : Salcon
Stock Code : 8567

Price : RM 0.73 (11th February 2015)
Target Price : RM 0.90 (23% upside, or 17 cents)

Salcon had seen great momentum for the past few days, accommodated with good volume and solid candles. According to the technical indicators, Salcon MA20 had crossed over MA50, and it will be a start of a good uptrend.

The RSI showing a bullish note after remaining above the 70% region. Salcon will be expecting to see a short period of cool down before surging higher.

According to Elliot 5 Waves analysis, Salcon might be on the 3rd and 4th wave now, and final 5th wave will send Salcon higher.

Salcon support can be found at the range of RM 0.66.

Price Target :  1st - RM 0.80 
                         2nd - RM 0.90


Reference News

Langat 2 water treatment plant to contribute positive for the financial year of 2014, 2015, 2016 and 2017 for Salcon
Salcon had a 36% stake in the Langat 2 water treatment plant project

1. The Star - Salcon MMC AZRB JV Start Off