MASTER, protect the downside Whoever holding MASTER, do protect the downside.
Currently price is within the FVG area.
>> Price still above Hull MA, watch out when it trade below the line.
>> Technically price will reverce once FVG is filled. But on certain case, it may break the curse.
>> 2.85 will be the next support.
>> Secure profit and left before operators dump.
When the market moves where, and how, and if - these are all unknown. The only thing which we can control is our risk. Focus on risk management!
Keep the long term vision.
Disclaimer: Mentioned stocks are solely based on own opinions for education and/or discussion purpose only. There's no buy and/or sell recommendation. Trading involve financial risk on your own. The author shall not be responsible for any losses or lost profits resulting from investment decisions based on the use of the information contained herein.
MASTER trade ideas
MASTER in PackagingCorporate Name
Symbol & Code : MASTER (7029)
Board : MAIN
Shariah : Compliant
Sector : Industrial Products & Services
• Weekly: 20ma line about to cross 50ma. Both soar high above 200ma. Super bullish.
• Daily : MASTER is making beautiful higher ups and higher lows, touching 50ma supports thrice
• EP: 1.8-1.9
EASY123 Prediction @MYX MASTERLife is simple...Trade with Simplicity!
*Trend direction: UPTREND - Price move above our Lifeline (Redline)
*Bottom signal (BT + Yellow diamond) has appeared on 01-Jul, a bottom reversal signal.
*Turning points (White-candle) have appeared on 21-Jul, an indication of the price revert to upward direction.
*White-Diamond appeared on 03-Jul, an indication of strong momentum acceleration.
*Yellow-candle & Bell-alert have appeared on earlier 08, 28-May & 02-Jun respectively, the rally take-off signs.
Prediction: Once price break the immediate resistance RM1.99, likely it will rally to the next level.
Preference Strategy: Swing trading (Follow the BUY/SELL Signal respectively).
Target Price: R1=2.18-2.22, R2=2.38-2.44
Support/Cut Loss: S1=1.81-1.76, S2=1.66-1.64
*Reminder TP & CL is an individual preference & decision. No fixed rule or guideline for it...Trade at your own risk.
*If you are interested in our trading template. Feel free to drop us a message, we are happy to share with you.
Signal's Interpretation:
BUY Signal:-
*Green-Background = Indication of an Uptrend
*BT-Yellow-Diamond = Indication of Bottom signal.
*Green-Upward-Triangle = Indication of Hot-seller, potentially a Bottom signal.
*White-Diamond = Indication of a strong upward momentum accelerator.
*White-Candle = Indication of a strong turning point or a trend reversal.
*Yellow-Candle + Alert-Bell = Indication of Price take-off area.
SELL Signal:-
*Red-Background = Indication of a Downtrend.
*Red-Dot = Indication of Hot-buyer, potentially a Top signal.
*Blue-Candle = Indication of Price selling off area.
MASTER - Nice BoD callJackpot!
MASTER breaks descending triangle pattern and signal BoD buy signal on 30 April.
Nice Marubozu candle signalling Slow Turtle Buy on friday closing adding 11% gain within a week.
Currently MASTER managed to stay above EMA50 (Greenline @1.6) but resisted by EMA200 (Purple line)
Expect some profit taking to happen
ATOM Squeeze BUY and healthy FiFT with spike - Good sign
Resistance 1.84, 2.25
Can take partial profit and hold remaining..
Move SL to below 1.53 to secure profit. Enjoy the ride.
Not worth casing. Wait for pullback to around 1.62 (Monitor for reversal candle around EMA50)
MASTER - Stock/sector to watchMYX:MASTER
Break triangle continuous pattern with strong volume.
Fast Turtle Buy signal with +ve FiFT BoD
Stochastic oversold and gaining upward momentum
Potential resistance around 1.75 (Slow Turtle Resistance + EMA50 and EMA200 resistance)
Similar pattern with PPHB. MYX:PPHB
This sector might be bullish considering Malaysia economy restarts.
Risk buy with SL below 1.35
Hold if ATOM signal buy.
Add position upon Slow Turtle Buy signal
PPHB & MASTER - Supplies for packagingToday we have seen an increase in the industrial product. This correlate with 2 stocks i.e MASTER and PPBH.
Let's look at both companies fundamentally:
PPHB
Market Cap: 134m
Last traded price: RM0.715
EPS: 12.53cent (*8.1=RM1.01) (undervalue)
PE Ratio: 5.71 (OK)
ROE: 9.56 (Ok)
NTA: 1.30 (undervalue)
Financial: Steady consistently increasing net profit year on year.
MASTER
Market Cap: 84m
Last traded price: RM1.5
EPS: 28.73cent (*8.1=RM2.32) (undervalue)
PE Ratio: 5.4 (OK)
ROE: 14.81 (Ok)
NTA: 1.94 (undervalue)
Financial: Steady consistently increasing net profit year on year.
Both companies are the supplier for packaging i.e. box and plastics.
Well, if we take a look at current scenario of COVID-19, large volume of postage coming to every shipping companies to some extend its overloaded. Poslaju from their statement, in one day the volume reached to about 600k-730k parcels per day. This is poslaju only and there are a lot more shippers out there. Its not a rocket science to think that the benefit from this catalyst is on the packaging side :) I am too, falls to the trap of Lazada and Shopee sales.
As for the chart, both company have shown interest in demand thus pushing the price up. So which one would you choose? Look at both chart.. same trend? now pick the cheaper price.
<TradeVSA> NS signal in mark-up stage from Master-PackStrength in the chart:
1. Strong background with Mark-Up stage
2. Pullback
3. NS after Line Change
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
Short Term (Contra Trade) : Master Pack1) Market Outlook - Global Market (green), KLCI (green) ~ Friday (12/4) closing
2) Sector Index - Industrial Prod (red), FMBSCAP (green) - Friday (12/4) closing
3) Technical Analysis - Selling pressure reducing w/ volume , I am aiming for a bounce off trend line
4) Fundamental Analysis - Strong fundamentals w/ 2 consecutive profiting quarters and bullish sectors (FBMSCAP), mid term trade is feasible with next quarterly report in end of May 2019
2 trades will be entered, one for long term holding and one for short term
Entry - 0.805 (risk to reward : 3.67)
Exit - 0.86 (+6.83% - short term)
Stop Loss - 1.345 w/ high volume (-1.86%)