KLSE TechWiz - SCH 0161

Stock Name : SCH Group Berhad
Stock Code : 0161

Price : RM 0.265 (17th March 2015)
Target Price : RM 0.315 (18% upside, or 5 cents)

SCH had recently saw a good strong momentum volume with 2 consecutive day hitting above 10 million shares transacted. We believe that the volume will be revisiting the counter soon as SCH rise along with the momentum.

Currently, the MA 20 trend line is looking to climb further up after the successful crossing  of the MA50 in January 2015 along with reasonable volume. Although RSI had been in a retrace, however, RSI is foreseeable to hit above the 70% region, marking a bullish note in SCH.

According to Elliot 5 Waves analysis, SCH had possibly finished its 1st surging wave and currently consolidating on 2nd wave while awaiting for the 3rd surging wave to come. Hence the room to appreciate for SCH is very good.


Price Target :  1st - RM 0.30
                         2nd - RM 0.315

KLSE TechWiz - IJACOBS (0162)

Stock Name : Ijacobs
Stock Code : 0162

Price : RM 0.40 (13th March 2015)
Target Price : RM 0.48 (20% upside, or 8 cents)

Ijacobs had been rising up with the recent solid buying as highlighted in the blue markers. The recent buying had been a good and strong momentum indicator for the stock to rise higher. We can see that the RSI had been rising towards the bullish region. Ijacobs could be challenging RM 0.45 as the first hurdle, while the 2nd target will be at RM 0.48.

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

Price Target :  1st - RM 0.45 
                         2nd - RM 0.48

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