Friday, 17 October 2014

VALUETRONICS - COMPLETED OUR REVERSAL TRADE AT $0.31 ENTRY

On Wednesday 15 October, at $0.31 we feel that a mini-reversal is in the process as VALUETRONICS was being sold down the negative reported written by MAYBANK KE sell-rating at $0.25. Given a big drop from $0.41 to $0.29(low), a reversal may be on the card and we long it at $0.31 and closed the trade today at our target price $0.335. Even though Valuetronics may trend higher, it good to take the profit off the table.
 
 

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