Kenanga Research & Investment
Highlights / Stock Picks of the Day - Matrix Concepts Holdings Bhd (MATRIX) – Take Profit
To recap, we issued a “Trading Buy” call (RM2.78) on MATRIX after its share price broke out from its “Pennant” chart pattern on 23 January. However, the share price has since been trading sideways. Coupled with lower-than-average daily trading volume with all key indicators moving sideways, this suggest flattish buying momentum and limited upside potential. We view that the consolidation may continue further in the nearterm. Thus, we decided to “Take profit” to lock in our gains for now.
Source: Kenanga
Related Stocks
| Chart | Stock Name | Last | Change | Volume |
|---|
More articles on Kenanga Research & Investment
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment
Featured Posts
Introducing MY's First IPO Fund for Sophisticated Investors!
New Update. Discover investment communities that resonate with your ideas
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
.png)
MQ Trading Signals
Time
Signal
Duration
Type
2024-08-30 16:50:00
EMA 5
10 Mins
BUY
2024-08-30 16:50:00
TURTLE SYSTEM 20
10 Mins
BUY
2024-08-30 16:45:00
EMA 5
5 Mins
BUY
2024-08-30 16:00:00
EMA 5
10 Mins
SELL
2024-08-30 16:00:00
EMA 5
5 Mins
SELL
Apps
Top Articles
1
2
Stock Pick Contest Year 2024
4
5
Good Articles to Share
Gold trades near record as Fed minutes support rate cut optimism
6
7
CEO Morning Brief
99 Speed Mart’s Final Retail Price Under IPO Fixed at RM1.65
8
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
