DANGSUGAR Plc Sentiment Analysis Report – W/E May 11, 2012
Monday, May 14, 2012/ Proshare Research
DANGSUGAR Plc experienced moderate bargain and positive sentiments in the week to record 16.0% gain as against -10.4% loss recorded in the previous week - improved bargain sentiments observed towards the stock in the week.
The stock maintained a neutral posture in the short term while appearing bullish in the mid-long term period - buttressed by MACD; indicating that the stock is yet to attain full bullish mode as revealed by its price moving average.
Also, the volume trend revealed active buying pattern as growing accumulation was observed throughout the week while the money flow index maintained northward trend, buttressing the active buying.
Technical conclusion on sentiments: There is no signal of price volatility in the coming period as the stock has moderate possibility to sustain its uptrend, considering the growing momentum revealed by RSI. However, profit taking is not in doubt as its candlestick analysis revealed the presence of bears in the week. The chart below shows MACD, candlestick, RSI and volume analysis.
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