Eye on stock: Homeritz Corp Bhd

AFTER peaking out temporarily at an all-time high of RM1.20 on July 22, Homeritz Corp Bhd shares tripped into correction mode due to an apparent profit-taking amid a massive rally. The process lasted three weeks, pulling prices back to a low of 89 sen on Aug 12.

They turned range-bound on renewed bargain hunting interest alternated with light selling, undergoing consolidation, which witnessed the shares re-tested the 89-sen level once again on Tuesday before bouncing off. This stock recovered to a two-week high of RM1 during intra-day session yesterday.