Immediate Announcement on Shares Buy Back at RM1.49-RM1.5 for total 210k unit. Good sign. Public bank gv Target price RM1.82. THis is back to before MCo price range.
Wow TA is giving target price of RM2.10! ...means that it has another 26% upward~~ Anyway, i am still looking forward the their boss change the stock name!! haha
Price breakout in heavy volume last Friday, Cup with Handle formation, pivot point 1.61. In my opinion, depending on your own approach/style, I would pyramiding up (buy). Not recommended to buy at price exceed 1.69; stay mentally strong and disciplined as it may test the Pivot Point and also likely will encounter resistance around 1.80, I would Stop Loss below 1.57 and Stop Profit near RM 2.00, and Risk-Reward is 1:3. Monitor the general market trend and the company's coming earning reports, if both doing good by then, and the price continues to moving up in heavier volume breakout 2.10, I would buy and hold it for long term.
Have been collecting it since months ago and manage to get avergae acquisition price at 1.418. Quite bullish about this counter, personal tp 2.839 in long run
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....
chshzhd
1,908 posts
Posted by chshzhd > 2020-08-27 23:18 | Report Abuse
buy ..