MAHSING (8/11/2020) - A new horizon
MAHSING completed Wave 4 @ 0.86, and its making its way for Wave 5, if moving within the parallel channel, could end up at around 1.87.
A good entry would be a breakout resistance 1.04, with support zone of 0.86-0.91, and Resistance of 1.26 (RRR 1:2), 1.44 (RRR 1:3.4)
Volume is still good, but not good enough to push it higher at the moment. Banker chip is > 50% - more rooms to grow.
The stock has competitive balance float (21% of 2402M shares), relatively compared to
SPSETIA (10% of 4057M shares). Among institution holding the stock is PNB and Bank of Singapore. This proves the stock has good fundamental, and would result to a lighter price action. Source
Good sentiment and news would exponentially accelerates it - such as the report that MAHSING now is investing MYR150M into gloves production with annual capacity of 3.68 Billion pieces, commencing in April 2021 (Relatively TOPGLOV annual capacity is 85.5 Billion) Source
As of today, highest target price is by AmInvest which is 1.50 (16-Oct-2020) Source
TAYOR guys !
Disclaimer: I’m a newbie trader practicing my understanding. Please help to feedback if you see any room for improvement. Thanks everyone.
A good entry would be a breakout resistance 1.04, with support zone of 0.86-0.91, and Resistance of 1.26 (RRR 1:2), 1.44 (RRR 1:3.4)
Volume is still good, but not good enough to push it higher at the moment. Banker chip is > 50% - more rooms to grow.
The stock has competitive balance float (21% of 2402M shares), relatively compared to
SPSETIA (10% of 4057M shares). Among institution holding the stock is PNB and Bank of Singapore. This proves the stock has good fundamental, and would result to a lighter price action. SourceGood sentiment and news would exponentially accelerates it - such as the report that MAHSING now is investing MYR150M into gloves production with annual capacity of 3.68 Billion pieces, commencing in April 2021 (Relatively TOPGLOV annual capacity is 85.5 Billion) Source
As of today, highest target price is by AmInvest which is 1.50 (16-Oct-2020) Source
TAYOR guys !
Disclaimer: I’m a newbie trader practicing my understanding. Please help to feedback if you see any room for improvement. Thanks everyone.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.