Magna Prima (MAGNA MK) Technical BUY with +20.3% potential return Last price : RM1.08 Target Price : RM1.29, RM1.42 Support : RM1.10 Stop-loss: RM1.09 BUY with a target price of RM1.42 with stoploss below RM1.09. MAGNA’s share price made a breakout from the bullish reversal pattern of a “falling wedge” on 13 Jul before establishing a new uptrend. As MAGNA climbed higher and hit a new high of RM1.29, it has consolidated within the “flag” pattern in the past 12 days before yesterday’s strong gain established the creation of a new up-leg. This is consistent with rising trading volume which signals renewed interest in MAGNA. A bullish crossover registered on Stochastic implies a stronger momentum while a crossover between +DI and ADX line indicates stronger upward movement ahead. As such, we expect the upward trajectory to continue as we peg our medium-term target at the previous high of RM1.42. Timeframe: 2 weeks to 2 months
slmt Hari Raya Lim>message kau kat wassup aku ada terima.cantik cermin mata.Lim yg offmrkt at 7july tu bukan 20%. 5 %(15mil@1.07) 0f share issued je..dia ada lagi 20%>jgn risau.
don't know why it drop... maybe major shareholder want to spend $... Magna projects is famous of late delivery. Read the latest issuance RCPS to LTAT, giving 16% dividend... crazy!!! Seems the Company can't even take loan for its project.
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