We experienced a really weak market sentiment last week. However, we always notice some super-stars stock during bad market sentiment. NADIBHD is definitely worth monitoring for several reasons. NADIBHD experienced year long downtrend and make a solid bottom during march2020. Strong collection at price between RM0.28~RM0.33 since Jan 2021. Full year collection might indicate strong uptrend rally soon.
Technical point of view: Just break out from cup and handle neckline with strong volume support. Smart money flowing in. Fundamental point of view: Price below NTA. Although revenue affected by pandemic, overall profitability still outperformed its peer. Catalyst: Contracts from Kwasa development and PNB Merdeka.
Entry:RM0.35~0.355 Cut-loss:RM0.32 Exit:RM0.40
Disclaimer: Abovementioned informations are all personal opinion, take your own risk and do enough homework when investing your hard-earned money.
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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.