Shares & Derivatives
HAS THIS STOCK FORMED A BASE TO RALLY UP?
By Singapore Stocks Investing (SSI)  •  July 24, 2017
I first blogged about Duty Free International stock here in this post. Since then, Duty Free International announced a less-than stellar set of results which caused its price to head south. Thereafter, the price seemed to retrace higher and I think the stock price should be slowly on its way up after forming a base at $0.315. My opinion is also made in light of the 10.5 million stocks trading volume on 18 Jul 2017 which seems to me to be some form of accumulation. Should the trend of Duty Free International be up next, I believe a price target of $0.40 is acceptable, taking into account that this is a “gap” that needs to be filled. What investors have to factor in when investing in Duty Free International is that this is a Malaysia-centric stock hence factors related to Malaysia like ringgit and the operating landscape ......
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By Singapore Stocks Investing (SSI)
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