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MAHSING

Mahsing (BURSA WK44 2021)Bottom build up (higher high & higher low) is completed, and price is already above MA5, 10, 20 and 60. Last friday closing, its price has slightly drop but the bullish trend is still going unless the price is unable to cross @0.84. There has a resistance at 0.84 level and consolidation between 0.81 to 0.84 which is also a resistance zone. ==================================================================================================================== I am a profitable trader, here is the watchlist for BursaMalaysia Market. -TGL Engineered Excellence-
MYX:MAHSINGLong
by ginlin84
MAHSING (8/11/2020) - A new horizonMAHSING completed Wave 4 @ 0.86, and its making its way for Wave 5, if moving within the parallel channel, could end up at around 1.87. A good entry would be a breakout resistance 1.04, with support zone of 0.86-0.91, and Resistance of 1.26 (RRR 1:2), 1.44 (RRR 1:3.4) Volume is still good, but not good enough to push it higher at the moment. Banker chip is > 50% - more rooms to grow. The stock has competitive balance float (21% of 2402M shares), relatively compared to MYX:SPSETIA (10% of 4057M shares). Among institution holding the stock is PNB and Bank of Singapore. This proves the stock has good fundamental, and would result to a lighter price action. Source Good sentiment and news would exponentially accelerates it - such as the report that MAHSING now is investing MYR150M into gloves production with annual capacity of 3.68 Billion pieces, commencing in April 2021 (Relatively TOPGLOV annual capacity is 85.5 Billion) Source As of today, highest target price is by AmInvest which is 1.50 (16-Oct-2020) Source TAYOR guys ! Disclaimer: I’m a newbie trader practicing my understanding. Please help to feedback if you see any room for improvement. Thanks everyone.
MYX:MAHSINGLong
by sothye
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