KARYON trade ideas
Extremely attractive counter- KARYONGood fundamental.
Directors buying stake in own company.
Uptrend momentum intact.
Recently breakout from RM0.30 and hold strong above RM0.30 which now serve as strong support.
Proper shake out and churning done last friday and.
Strong buying force at RM0.305 evidenced by 77,000 lots volume done on Friday.
Watch closely for breakout from RM0.315
KARYON. MID + LONG CUP AND HANDLE ? DISCLAIMER : FOR RESEARCH AND STUDY PURPOSE ONLY.
KARYON INDUSTIRES BERHAD (KIB)
SECT : INDUSTRIAL PRODUCT AND SERVICES
SUB SECT: CHEMICALS
PLASTIC R/T STOCK.
8/9/2021
price : rm 0.295
m.cap : 140.34m
no of share : 475.71m
eps : 1.62
p/e R : 18.21
roe : 7.36%
nta : 0.220
div yield : 3.39%
cash & bank balance = rm41.72m to 33.66m
inventories = rm25.12m to 23.20m
borrowing = rm7.92m to rm8.37m . gearing ratio 0.08 x .
CANSLIM
C : Q121 VS Q122 = INCREASING 102%. Q122 BEATS ALL Q IN 21 IN REV AND N.PROFIT. PROFIT MARGIN LATEST Q122 VS Q421 = +77.7%
A : 2019 = 4.4M . 2020 = 6.8M . 2021 = 4.7M . 2022(Q1) = 3M.. REV DECREASE OF 11.02% COMPARED TO PREVIOUS ANNUAL REPORT DUE TO, MCO ON 18/03/20.
N : no new product.
S : SMALL CAP. RINGAN
L : LAGGARD. PEERS = PCHEM, BKAWAN, LUXCHEM, SAB, ANCOM, ASIAPLY, NYLEX, ANALABS, ARTHRONIQ, SCNWOLF
I : OCBC SECURITIES PTE LTD.
M : FORMING C&H IN AUGUST 2020- SEPT 2021. WITH A LARGE PERIOD ALSO C&H SINCE APRIL 2017-SEPT2021
S= 0.295
S2= 0.280 . S TO S2 = -4.85%
R =0.305 . S TO R = 3.2%
R2 = 0.33 . S TO R2 = 11.7%
<TradeVSA> Pullback from Re-accumulation - KARYONSign of Strength in the chart:
1. Long period re-accumulation
2. Pullback
3. Shakoeut
4. NS signal at support (weekly chart)
Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
Momentum building upKARYON tested resistance level R1 at 0.31 and recovered the pullback with further movement to the upside above Valid DTL. We suggest the price could rally towards the next resistance level R2 coincide Fibonacci target 2.618. On the flipside price movement below 0.20 may push the price lower.
Disclaimer: The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Possible breakout for KARYONKARYON has been traded in sideways since September 2020 and failed to break 0.24.
Since August 2020 directors of this company keep acquire the shares which shows a good sign
Starting from last 18th February, the volume traded in this stock spikes above than normal volume
Current price above EMA20 and EMA50 indicating potential uptrend
Current increasing in PVC future price at DCE (>8000) also may help this company to gain more profit than previous days
Anyhow if fail to break 0.24 and the price below 0.215, this stock will maintain in sideway phase