At this moment I wish to highlight a stock as i see the timing is right for buyers to enter (for long term investment)

The stock is UNIMECH GROUP BERHAD (UNIMECH : BSKL 7091) - TP1 1.2, TP2 1.5

Perfect Timing For Entry Upon Breakout of Downtrend (TA Point of View)

Refer chart below:

First thing that interests me about UNIMECH is that it has been downtrending since hitting RM 1.60 in October 2014 until recently hit low of 90c in June 2018. Refer circle 1 and 2, it had been trying to break the downtrend previously 2 times but failed.

However, since hitting the low, it seems that buyers had been scooping up the stock up to a point where recently it had broken out the downtrend line (refer circle 3). At this also comes with consistent high volume in recent days (circle 4). 

Therefore i see current entry as being reasonably safe provided the strong uptrend continues towards the next nearest resistance of RM 1.20.

Company With Growth in Earnings and Profit

Below recent quarter report results of UNIMECH is referred :

As you can see, the last 4 quarters, revenue has been increasing consistently, and profit has increased in the last 3 quarters compared to previous corresponding year. This adds to lowering the risk of buying this stock at the current point.

In conclusion, I see UNIMECH as a good timing entry for now due to fact that technicals and fundamentals are in tact. I also see UNIMECH-WA being traded higher above 7c should the mother share break the RM 1.20 levels and will break above 10c should mother see RM 1.40-1.50.