MTRONIC - potential bullish ahead, but ...
Riding uptrend channel. Stochastic (H4) signals possible small pullback at 0.125 (50%) or 0.105 (61.8%) before climbing up higher. TP 0.17, 0.19, 0.24 (Fibo 1.272), with Support at 0.1 (RRR 1:1). Safer entry would be to wait after confirmed reversal after the pullback.
Speed: Fast with only 551M shares float (44% of 1246M shares)
Sentiment: Vaccine from Taiwan, subject to regulatory approvals of the local pharmaceutical authorities. Riding this un’confirmed’ vaccine sentimen, traders must be extra careful, and exercise strict exit. Source The Star 28-11-2020
TAYOR
Speed: Fast with only 551M shares float (44% of 1246M shares)
Sentiment: Vaccine from Taiwan, subject to regulatory approvals of the local pharmaceutical authorities. Riding this un’confirmed’ vaccine sentimen, traders must be extra careful, and exercise strict exit. Source The Star 28-11-2020
TAYOR
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