Bursa Master

HBGLOB - WILL THE POSITIVE MOMENTUM CARRY IT TO HIGHER GROUND ? ! ? !

BURSAMASTER
Publish date: Sun, 20 Sep 2020, 08:08 PM

HB GLOBAL LTD

 

BREAKOUT INCOMING ? 

(HBGLOB - Stock Code 5187, Consumer Products & Services, Main Market)

HBGLOB posibility of momentum Breakout at 0.215 with Bullish Momentum coming that was traded last trading day at 0.210.

HBGLOB 52-week range : 0.03 - 0.22

 

1) HBGLOB TECHNICAL ANALYSIS

refer below the price and volume charts

The chart show the price Breakout Price at 0.215. With high volume of of two trading days.

 

2) PRICE UNDER NTA WITH HIGH VOLUME

HBGLOB traded with high volume at dicount price of its NTA of 0.420.

 

CONCLUSION:

Considering all the above, I believe that HBGLOB is attractive for BREAKOUT OPPORTUNITY  due to reasons below:

  1. Price near Beakout Price with High Volume follows

  2. Price under NTA with High Volume

 

LET’S SEE HOW THE SHARE PRICE MOVEMENT IN THE NEXT TRADING DAY WITH EXPECTED OF BULLISH MOMENTUM.

 

Disclaimer: The above opinion is never intended to be a BUY CALL whatsoever. I am sharing my observations ONLY based on fundamental; past history; current trading pattern; charts etc. Please make your own informed decision before buying this share or whatever share for that matter.

 

BURSAMASTER

Discussions
Be the first to like this. Showing 2 of 2 comments

YapPuaykee

Which market forces can affect Malaysia Gloves Manufacturers' business PERFORMANCE more drastically?

(A) The lack of Fed's QE liquidity to stimulate Dow Jones and Nasdaq market indices or

(B) The governments around the world with failed efforts to uncheck the deadly ferocity of Corona Virus Pandemic, that even best known doctors and hospitals still can't stop infected patients from dying by the tens of thousands everyday?

2020-09-21 09:40

speakup

goreng counter

2020-09-21 15:58

Post a Comment