Possible Limit Up (3)Stocks Post CNY - This Week ! 

Welcome back to “The Huat Project”. We would like to present to you “The Possible Limit Up 3 Stocks in the Limit Up Sector - Electric Vehicle (EV)” The 3 stocks are GENETEC (0104), NOTION (0083) and PESTECH (5129)

Top bottom Analysis:

First, you need to know Joe Biden (46th President of USA) and Elon Musks (Boss of Tesla) , as they are very influential individuals. 

Joe Biden is a very supportive individual of green energy. Not too long after his inauguration, he has big plans to replace government fleet with Electrical Vehicles. https://www.cnbc.com/2021/01/25/biden-plans-to-replace-government-fleet-with-electric-vehicles.html

Elon Musks needs no introduction in the Electrical Vehicle scene as his company Tesla is expanding at a very good growth rate.
 

With these 2 very influential individual preaching the importance of Electrical Vehicle and taking actions to ensure that the future of Electrical Vehicle is acheived, We should know that Electrical Vehicle will be the future and lets ride together with the EV Trend ! 

Stocks Analysis:

1. GENETEC (0104):

As mentioned in the Quarterly report, despite their current quarter did not perform to expectation, however GENETEC (0104)’s management are very optimistic of their future as they have penetrated into the Electrical Vehicle Segment, and are to ride together on the sectors long term growth.

GENETEC (0104)’s has potential upside, and the Limit Up Price is RM6.17. With the current support of RM4.50, the Reward to Risk Ratio is 6 times. Since GENETEC (0104) is trading to uncharted area, and there is no seller to depress the price, the chart to trend upwards is very likely. 

2. NOTION (0083)

NOTION(0083) also made headway in a new business of extruded and machined aluminium parts supply to a contract manufacturer with the end customer, a globally known electric vehicle (EV) maker. As Mentioned in their prospects, NOTION(0083) has also positioned themselves to ride on the EV theme. (https://www.thestar.com.my/business/business-news/2020/11/25/notion-vtec-posts-turnaround-in-4q-upbeat-on-outlook)

NOTION (0083) is ready to breakout from resistance of RM0.885, and retest is previous resistance area of RM0.985. NOTION(0083) also formed a triple bottom at RM0.855, and is changing from downtrend to UPtrend. With the support of RM0.855, Reward to Risk Ratio is about 3 times. The first Limit Up Price for Notion is RM1.18.

3. PESTECH (5219)

PESTECH (5219) has positioned themselves to ride on the EV trend by providing the EV charging infrastructure. (https://pestech-international.com/solution/ev-charging-infrastructure)

PESTECH (5219) has broken out to form new high. The next immediate resistance is at RM1.51. Since it is a new high, there are no sellers and the potential for upside is very probable. With Support of RM1.16, the reward to risk ratio is about 4.0 times.

Conclusion:

We strongly believe that these are the undiscovered GEMs for the Electrical Vehical (EV) theme. We believe that GENTEC (0104), NOTION (0083), and PESTECH (5219) are ready for a stong rally, possibly a limit up, as GENETEC (0104) and NOTION (0083) both have good history of Limiting Up. 

Well, Electrical Vehicle (EV) is definitely a thing, and will be a future. As Elon Musks says “The first step is to establish that something is possible; then probability will occur.” Are you willing to try take a bet on the future or regret later when the future is here ?

What will you do ? 

DISCLAIMER: This post serves as an educational analysis and is never meant to be a buy/sell call or recommendation. Investors must always do their own due diligence before making any investment decisions. The author of this post is not liable in any way for any decisions made by any individual.