do u think that at .485, it still has sufficient upside to justify an entry at this price? a break to .50 on volume would be nice as the .48 is a key resistance in the past.
i think most of the investors are targeting a long term TP of .58-.60. the previous all time highs. this would certainly be possible given the growth of its beverage segment.the return of investor confidence in S-Chips in the future, would be another strong catalyst for this counter.
technically, the stock seems positive for more near term gains. but I would expect it to correct to the support of .45-.46 before attempting the push again to break the .48 resistance.
Looks like quite a few forumers are basking in the radiance of the stock now. Well done, hope this one proves to be a winner. I don't have the risk appetite to buy it. Pity me.