SKPRESS - Following Institutional MoveKnown as one of the Dyson's environment, SKP Resources Berhad (SKPRES) is a leader in plastics contract manufacturing with over 40 years of manufacturing experience in the electrical and electronics plastics industry. Part of their biggest customers are Dyson, Toshiba, Sony and much more. If you go to their website, they will flood you with Dyson's product, showing how big their reliance are to Dyson's reputation.
Let's look at the company's fundamental:
Last price: RM1.5
Market Cap: 1.53bil
PE Ratio: 17.28 (OK)
ROE: 14.53 (OK)
NTA: 0.490 (overvalue)
Dividend: 3.8 (OK)
Financially, the company is in steady positive net profit company over years.
In term of institutional investor, EPF has been actively adding their shares in this counter last week. Good sign.
Last Friday's signaled for a bullish trend back. To be honest Im not so sure why, but the main reason why I'm looking at this counter is because of the institutional (EPF) move. Follow the shark!
Technically the chart is in steady uptrend, with nice volume observed last Friday. Will the bull trend after short bear continues?
SKPRES trade ideas
{SWC}——SKPRES: Up 54% from RM 1.03! Can It Go Further?Thank you for your continued support :)
Strategy: Moving Averages Formation
Expected Holding Period: 2 weeks+
Bias: Bullish. Moving Averages bullish formation; favourable oscillator positioned at bottom.
R: 1.59
S: 1.39
Gentle reminder: Plan your trade and trade your plan. Peace out!
<TradeVSA> Pullback Bar in SKP Resources & SKPRES-CTStrength in the chart:
1. Consolidation
2. Shakeout
3. Line Change with pentagon
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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
SKP - A Low Risk Pullback TradeStrength in the background:
1. Formed a full pullback pattern
2. Line Change with high volume
3. 2 narrow bar pullback with low volume
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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
Pullback in Downtrend or Breakout? Let "Volume" Tell You - Part3We found a lots of stocks with potential breakout in KLSE . Below are the stocks in this review:
1. IFCA
2. MMC Corporation
3. Tune Protect
4. TRC Synergy
5. SKP Resources
Characteristics of the stocks as below:
1. Breakout
2. Small Cap
3. Weak Background
Which are the best?
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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
5th Impulsive Wave Extension in SKPRES1. Pending to complete Impulsive Wave 5.
2. The wave 5 extension is expected to reach 2.40 - 2.43, which is 161.8% extension of wave 4.
3. Wave 4 ended with a support at 2.15, close to the current price now @ 2.21
4. At current price to the support and target price the risk : reward ratio stands at almost 1 : 3