Casino royale money is back to Magni! Magni is deeply undervalued, a diamond not to miss at the moment! World Cup 2022 is coming up, expected high football jersey demand, earning in the form of USD, of course the highlight of cash per share 0.91… hence, personally believe management will give out high dividends payout in December 2022… Cheers!
The stock rose and broke the psychological barrier of RM2.00 with a white bullish candle. Prices are firmly above all 20-day, 50-day and 200-day Moving Average (MA) with higher trading volume. The positive move is supported by Quarter 1 FY 2024 earnings announcement on 11-Sep with Q1 earnings +27% QoQ and 36% YoY. We anticipate further gains due to positive technical breakouts and improved fundamentals.
Both the MACD and RSI have continued to rise, suggesting an increase in buying momentum.
The strategy is to long Magni with a stop-loss set at RM1.92 (a tick above 20-day MA). This breakout could drive prices upward, targeting historical resistance levels at RM2.37 and RM2.50.
Tiada siapa boleh lari dari taikun judi Tan Sri Tan Kok Ping yang menguasai PCCC. Kok Ping sentiasa menganggap dia lebih berkuasa dari Ketua Menteri. Dulu mana-mana tanah pun Kok Ping beli bawah harga pasaran bersama anaknya Tan Poay Seng. Pernah disiasat SPRM terlibat sindiket judi haram, elak cukai, operasi kelab malam, rasuah penguatkuasa dan banyak lagi…Tapi kini Chow Kon Yeow lawan Tan Kok Ping…
The stock rose above all 20-day, 50-day and 200-day Moving Average (MA) with higher trading volume. The positive move is supported by Quarter 1 FY 2024 earnings announcement on 11-Sep with Q1 earnings +27% QoQ and 36% YoY. This is a sign of further gains due to positive technical breakouts and improved fundamentals.
Both the MACD and RSI are rising, suggesting an increase in buying momentum.
The strategy is to long Magni. This breakout could drive prices upward, targeting historical resistance levels at RM2.10 and RM2.18.
Name Details of Changes Date Type No. of Shares Price MR TAN POAY SENG 04-Oct-2023 Acquired 80,000 1.949 MR TAN POAY SENG 22-Sep-2023 Acquired 189,300 2.008 MR TAN POAY SENG 21-Sep-2023 Acquired 52,000 1.984 TAN SRI DATO' SERI TAN KOK PING 19-Sep-2023 Acquired 80,000 2.010 MR TAN POAY SENG 11-Sep-2023 Acquired 92,200 1.920 MR TAN POAY SENG 08-Sep-2023 Acquired 78,500 1.905 MR TAN POAY SENG 07-Sep-2023 Acquired 55,000 1.914 MR TAN POAY SENG 05-Sep-2023 Acquired 34,900 1.919 MR TAN POAY SENG 04-Sep-2023 Acquired 56,100 1.910 MR TAN POAY SENG 30-Aug-2023 Acquired 182,000 1.900 MR TAN POAY SENG 28-Aug-2023 Acquired 109,000 1.920
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....
ccy123
274 posts
Posted by ccy123 > 2021-12-27 09:49 | Report Abuse
Very funny, their packaging company incurred flooding last week but totally no announcement to Bursa