Friday, 30 August 2013

HOW TO SPOT BREAKOUT: CHUANHUP CLOSED DAY HIGH $0.28

SgxWinner would like to show a real-time case study on how to spot breakout. Let us look at the chart of ChuanHup, it has broken past the resistance of $0.27 in the mid-afternoon on low volume and closed at $0.28. From a fundamental view of ChuanHup, the company is recommending a dividend of 2cents per share, or a 7.1%. Going forward, we see it as a defensive nature since its yield(div) is higher than most bank saving rates.


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