JHM trade ideas
uptrend identify in daily time frameThe technical chart shows an upward trend where I have identified 4 important points to identify an upward trend which is L-H-HL-HH... So, in my opinion, this counter has the potential to go higher. Do your own fundamental research. This analysis is only based on technical analysis only. T-A-Y-O-R
JHM W3 UnderwayGood company with solid fundamentals. New market in Europe for aerospace will reduce the dependability to auto segment
New JV with Mass Precision Inc will give huge upside to JHM
Securing new contracts with Volvo and North American Lighting (biggest supplier of auto lighting systems) will bring secured revenue to JHM
New venture into 5G
JHM Invested RM24.743million in assets. Based on ROA 5YA (14%) EPS to increase by RM0.006
New EPS will be RM0.044
JHM This stock with momentum is generated using a FIFO B signal with a build-up in trading volume and price.
This is not a buy or sell recommendation. It merely tells you which this stock is seeing higher potential to move uptrend with relatively strong momentum.
The share price may move up or down from this point. Note also that momentum generally only persists for a short period of time.
However, this stock has an accompanying fundamental score and valuation score to help readers evaluate the attractiveness of the stocks if they want to ride the momentum.
JHM target long term to Wave 3 like in the ChartJust purely base on Fib only. Target at Wave 3 like in the Chart
The Company's segments include Electronic products and Investment holding. The Company's Electronic products segment is engaged in the manufacturing and assembling of components related to high brightness light emitting diode (HB LED), direct current (DC) micromotor components, pitch connector pins, and other electronic components and products. Its Investment holding segment is engaged in investment holding activities. The Company's subsidiaries include Morrissey Technology Sdn. Bhd., which is engaged in the design and manufacture of precision miniature engineering metal parts and components; Jingheng Electronic Precision Technology Sdn. Bhd., which is engaged in the original design manufacturing of semiconductor LED components, and Morrissey Assembly Solution Sdn. Bhd., which is engaged in the manufacture and assembly of electronic components using surface-mount technology, among others.
For Study only.TAYOR
EASY123 Prediction @MYX JHMPrediction: Uptrend (Price closed above Redline) Rally continuation with strong support above Bull-bear divider.
Target Price: R1=2.08-2.10, R2=2.22-2.28, R3=2.38-2.42
Support/Cut Loss: S1=1.80-1.77
Signals:
*Candle has turned from Red to Blue color on 18-Jun, an indication of a trend reversal.
*Price crossed above the Bull-Bear Divider (Redline) & turn the resistance become support.
*Soaring-Momentum & Rally (Alert Bell) signs were detected on 18-Jun, an indication of potential soaring & rally point.
Signal's Interpretation:
ENTRY Signal:-
*Blue-Candle = Market at Uptrend sentiment.
*Candle color changed from RED to BLUE & Candle closed "ABOVE" the Bull/Bear Divider (Redline).
*🔶BT-Yellow-Diamond = Bottom reversal signal.
*🔵🟢🟡Blue/Green/Yellow-Dot = U-Turn entry point signal.
*🔔Yellow-Bell (on top of the candle) = Strong momentum, potential rally actions.
*🔼White-triangle = Strong momentum exists, potential rally action.
EXIT Signal:-
*Red-Candle = Market at Downtrend sentiment.
*Candle color changed from BLUE to RED & Candle closed "BELOW" the Bull/Bear Divider (Redline)
*🔴🔵Red/Blue-Dot (on top of the candle) = Potentially a Top signal.
*Disclaimer: This is not a Buy or Sell suggestion but solely sharing the information...Trade at your own risk.
*Preference Strategy: Swing trading (Follow the ENTRY/EXIT Signal respectively).
*Reminder TP & CL is an individual preference & decision. No fixed rules or guidelines for it.
JHM CONSOLIDATION BHDFOR STUDY AND RESEARCH ONLY.
JHM NEWS :
latest news...
collaboration with jiangsu dekai auto part. expected to launch at the end of 2022.
old news...
newly acquired batu kawan expected to commence operation on 2022.
jv with mass precision
jv with Skywooo Manufacturing
earning:
annualy decreasing yoy.
Q12021 quater earning beat Q12020
peers:
inari,mpi,vitrox,unisem,d&o,gtronic,kesm,keyasic (according to m.cap, inari is the largest m.cap)
jhm is the laggard between the laggard.
best return yoy, d&o ( for the time being this article written.)
market direction:
3m : price break consolidation
1y : clear trend of downtrend, how ever, the price tyring to break the down trendline as chart above ( for the time being this article written )
mega trend : forming of head n shoulder. break the uptrend trendline on march. bounce on the fibo 50% (fibo on since covid + mco.)