GFM BHDGFM Targeted Long :
1) price forming ABC wave at TF H4
2) price ranging at previous W1 lowest price + last W1 candle close in froming hammer candle
Signal Entry :
1)Chart Pattern at Highlight price or Price Action at TF D1 at Highlight price
2) Or completion of ABC short trend moving to next Demand Highlight Price
p/s :
1)care of win ratio
2)never place all money in 1 basket
GFM trade ideas
BROKE RESISTANCE at 0.420formed ascending triangle pattern and broke resistance 0.420. Next resistance is at 0.550, will retrace a bit and if it can hold 0.420 as it new support it will goes higher. GFM is also still in uptrend based on ema and ADX indicator. Adx is at 34 on 1H chart while di+ is still above di- 41 to 7. Smart money indicates banker is still inside GFM and will possibly push price higher towards 0.550. Trading volume on friday is at 196mil beating its average volume of 79mil. In my opinion GFM is very bullish right now.
GFM Technical AnalysisBroke out Penant Flag on 12/3.
Volume increased during broke out.
Currently at 78.6% fibonacci extension level.
Might go for correction as RSI is in overbought status.
Still above up-trending line.
Still above EMA 9,20,50,200.
Short term profit taking: 0.565 (Based on 100% of fibo extension)
Mid term profit taking: 0.645 (Based on width of penant)
Bullish BreakoutGFM had been bullish, met resistance at 0.25 and has been consolidated since June 2020. Recently breakout above a valid DTL. Potential higher movement to FIbonacci 1.618 at 0.315 coincide resistance in Dec 2019.
Disclaimer: Our content is intended to be used and must be used for technical analysis education purposes only.
GFM Target LONGTA
Second view for this counter as the first view hit SL. For this time it is more clearer where by price making compression and it is possible to hit the demand area . Currently price at break stop zone area (bsz). Wait for reversal at HTF before enter market.
FA
P/E : 50.57 (overprice)
DY : 1.03
QR : 1.3M (reduced but still positive)
AR : 1.3M (reduced but still positive)
TRADING BURSA IS SIMPLE.. Trade 15min timeframeTrading plan :
1. Wait the MA crossover pink MA..
2. Wait for re-entry zone when price retest pink MA + oversold stochastic
3. Draw fibo extension for taking profit.. 1st TP can be 100% and furthermore above..sky is the limit ;)
but dont forget the exit plan..if anything goes wrong..
when the MA cross below pink MA and price reject pink MA become resistance..that is our exit call.
GFM: 200% potential with mind boggling outstanding orderbook $$When I perform my trade, I will make sure that I do understand the business and its potential. Be clear on their vision and mission, understand their business (at least on the surface level), deep dive on their challenges faced, and any potential focus/prospectus ahead.
Trust me, its not rocket science. You just have to spend some time looking for the right info available online. The keywords here are "right info available online".
Let's look at GFM and why at this point of time, and why it catches my attention...
What's their business?
GFM's core business is in providing Facilities Management ("FM") services, which includes both hard and soft service offerings such as civil & structural, electrical systems, landscaping, plumbing and mechanical systems, amongst others.
Fundamentally, the company is in just an average performance with few indicators are showing good and bad objectively:
- The company was last traded at 19cents (penny stock)
- EPS 0.36 (OK)
- NTA: 0.23 (undervalue)
- ROE: 1.57 (not so good)
- PE Ratio: 52.78 (not so good)
- Financial: Positive net profit since 2016, with concern on last quarter result showing lower profit.
- In term of its shareholder, the chairman itself has been actively buy back its shares showing buying interest
So what's good here?
If you refer to their financial report, there is one catchy statement here
“GFM executes Groups outstanding orderbook of RM1.29billion, as at December 2019.” If you dont understand the finance word of orderbook, that means the record that the company keep for the order received yet to be paid. In simpler term, their outstanding payment to be received is RM1.2billion!.
That is majority comes from one of its subsidiary KP Mukah Development which provides long term earning visibility with stable consistent income for the remaining 16 years of concession tenure until 2035.
Technology
GFM services together with its subsidiaries provides e-commerce solution and develop e-market place for local and international enterprise catering for various industries. Its marketplace provides various products including automotive parts, components, medical, health, biochemical products, furniture, rubber, plastics, consume electronics machineries and much more. The company also offers internet seach engines which operates in Malaysia, Hong Kong and Republic of China.
Technically based on chart, healthy pullback happening now at 0.19. Still very cheap!