GUOCOLAND

Guocoland (F17)

Guocoland from TA point of view is in a neutral mode direction.
Immediate support is at $1.825 and resistance is at $1.89.


The recent purchase by the company director - Mr.Quek on 22nd,24th & 28the Feb 2017 at an average price of $1.845 in my opinion is being viewed as a undervalued price.
I think it might be a good opportunity for its true value for the price to be appreciated in time to come.

NAV of $2.958, P/B is 0.622 .
For every 62 cents you pay for the share price you are getting a $1.00 value.

At a glance of the past financial results:

Short Term wise, I think it may likely move up to test $1.89.

Crossing over of $1.89 with ease that may likely propel to drive the share price higher towards $1.95 then $2.00/$2.02.
( Trade base on your own decision)