Glomac maybe good for a trading buy now.

The chart above is for Glomac on 13 th May 2011 using Chartnexus.
RSI is below 30 and is curling up. Similarly, Stochastic is below 20% and curling up too.
I have inserted the linear regression lines (3 blue parallel lines overlapping the price plots). It shows an uptrend and more importantly the price is now resting on the lower regression line. There is a high probability for the price to move higher from here.
Buyback of Glomac shares is done almost daily since 11th February 2011. This buyback programme provides some support if the price weaken. As at 13th May 2011 it has a total of 2,923,300 treasury shares (0.98% of shares issued). There is mandate for it to buy up to 10% of the issued shares, so there is still  plenty of room for it to buyback more.
Currently,PE is about 13, which is fair, and dividend yield is about 5%.
Maybe can buy at around 1.72 or 1.73 and sell when it goes above 2.
Stop loss is suggested to be 1.63
This is my suggestion only and if you use my suggestion to trade the risk is yours. If you make money you can always buy me coffee.

Glomac "Eye on Stock" by K. M. Lee

AFTER breaching the most recent peak of RM1.57 on Thursday, Glomac shares extended the upward thrust to achieve a 38-month high of RM1.66 during intra-day session amid follow-through buying momentum yesterday.
Based on the daily bar chart, the bulls are now running on a new recovery track after undergoing a period of correction earlier of the year. Perhaps, investors can consider taking up a position, if one is optimistic of additional gains in the immediate term.
The daily slow-stochastic momentum index was positive, with the oscillator per cent K and the oscillator per cent D marching steadily towards the bullish territory.
Likewise, the 14-day relative strength index climbed from the mid-range earlier of the week to end at around the 83 points level yesterday.
Elsewhere, the daily moving average convergence/divergence histogram resumed the upward expansion against the daily trigger line to stay bullish. It flashed a buy in mid-September.
Technically, indicators suggest more scaling in the pipeline. If prices can penetrate the RM1.73-RM1.75 heavy resistance band, the next upside objective to look for would be the RM2-RM2.10 level.
Concrete support floor is pegged at the 14-day simple moving average of RM1.53.

GLOMAC (TP RM1.83– TRADING BUY) as at 29th April 2010

GLOMAC (TP RM1.83– TRADING BUY) Initiating Coverage by OSK Research : A Rerating in the Horizon

We initiate coverage on Glomac with a Trading Buy call and a CY10 Target Price of RM1.83 based on 0.94x CY10 P/NTA, which is the average valuation for its closest comparable peers. Its cheap valuation, estimated at 0.7x CY10 P/NTA coupled with potentially strong earnings recovery in the immediate term, could well spur a re-rating on the stock. As our expected broad sector rebound starting from late 2010/early 2011 pans out, the investment community will gradually be drawn to fundamentally sound and still-undervalued property stocks like Glomac