Resources Prima Group (“RPG”) has been on the restricted “online list” for a few brokerage houses such as CIMB Securities, OCBC Securities and UOB Kayhian (i.e. clients are not able to trade online but have to call their broker to execute). This restriction is typically for more speculative stocks. So what attracts me to take a closer look and do a writeup?
First glance - What attracts me…
1. Chart formation seems positive
I have pointed out in my article dated 23 Mar 2015 “Selective stocks may have some small near term technical rebound” http://www.sharesinv.com/articles/2015/03/23/selective-stocks-may-have-small-near-term-technical-rebound/that RPG seemed to be building a base. RPG closed at $0.083 on 20 Mar, Fri and was trading around $0.082 – 0.084 on 23 Mar, Mon. It closed at $0.082 on 23 Mar.
Since 23 Mar, RPG jumped 23% to close at $0.101 on volume ...
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