Digging Deeper

In one of the earlier posts (see this ), Malaysian-listed printing specialist, Tien Wah Press Holdings Berhad was one of the illustrative “buy signal” results extracted based on rules-based algorithmic screening process. Let’s dig deeper into this security.

Technical

Strictly for illustration – the following chart shows an upward price trajectory supported by both a well-defined support line as well as uptrending 200D-MA. Further, the oversold position (as indicated by RSI) may possibly support  the price trajectory. It may be opportunistic to consider a pull-back entry for this particular security. I would personally consider a possible stop loss at $1.75, whilst setting a possible profit target at $2.15.

TA.png

Statistical

Based on Z-score, the last buy signal (<-2.25) was triggered back on 7 June 2017 whereby the security has experienced a significant drop in share price. This signal was the very first buy signal that has been recorded so far in year 2017.

Slide1.PNG

Fundamental

One needs to be mindful of Tien Wah’s challenging business environment as summarised by Management in latest quarterly result:

Prospects.png

DISCLAIMER: THIS IS A PERSONAL BLOG AND SHALL NOT BE RELIED IN WHATSOEVER MANNER BY ANYONE. ALL ARTICLES CONTAINED IN THIS SITE ARE STRICTLY FOR INFORMATION AND ILLUSTRATIVE PURPOSES ONLY AND DOES NOT PURPORT TO SHOW ACTUAL RESULTS. IT IS NOT, AND SHOULD NOT BE REGARDED AS INVESTMENT ADVICE OR AS A RECOMMENDATION REGARDING ANY PARTICULAR SECURITY OR COURSE OF ACTION. SOURCES USED IN THIS SITE HAVE NOT BEEN INDEPENDENTLY VERIFIED FOR ACCURACY, COMPLETENESS AND TIMELINESS. YOU SHOULD SEEK INDEPENDENT AND PROFESSIONAL INVESTMENT ADVICE IN REGARD TO YOUR INVESTMENT DECISIONS. THE AUTHOR MAY HOLD POSITIONS IN THE SECURITIES MENTIONED IN THE ARTICLES

Author: Ken Utau

Data Scientist, Markets Analyst and Food Lover

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