MYSCM - Spike up on the uptrend formation on 23 Jul, the page have been actively following and trading the stock at RM0.10. MYSCM is now trending to another rally. The group is being tookover and restructure into Supply Chain Management business, the group also holding a money lending licensed. The group is expecting to focus on this two sectors and revenue should start to flow in by coming QR. Technical wise, the past trend do not drive much relevance to MYSCM as it has been tookover and business restructure. As a result we suggest to have an immediate support at RM0.285 and ultimate target price at golden ratio 161.8%, which is RM0.485. Coincidently, the group 10-year high also trading at around RM0.485. Worth noting the group have a newly issue warrant with conversion price RM0.25. Currently trading at premium of 26% only. Assuming mother share could reach RM0.48, WA could be trading at RM0.25 #myscm #TradeAtYourOwnRisk #justforsharing
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BlowWater99
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Posted by BlowWater99 > 2020-06-11 11:56 | Report Abuse
Seems like gameover