Stock Analysis – PEKAT (0233) – RM0.520:

PEKAT’s stock price has gone through past 8 months of pullback consolidation stage along the sideway SMA200 line and the latest additional 1 month of gradual rebound and finally today the candlestick manages to breakout and stay above previous high above RM0.510 and close at RM0.520.

The stock price finally manages to stay above all short and medium terms’ EMA lines which riding above rising SMA200 line. This indicates that the stock price is finally taking off from its initial stage of markup phase;

If the stock price could stay above RM0.510 for higher high with trending momentum and increasing volume, then let’s monitor for the next possible short-term targets around RM0.550, 0.580, 0.600, 0.620, 0.650, 0.680, and 0.700.
Long term investors may prospect for possible long-term targets to challenge around RM0.720, 0.745, 0.775, 0.800, 0.820, 0.850, 0.880, 0.900, 0.920, 0.950, 0.980, and 1.00;
Should the new higher high beyond RM0.510 be successful, trailing stop with EMA20 or EMA30 line, or if the stock price were to pullback unexpectedly, put the short-term stop loss below RM0.480 or worst case below RM0.460;

The secondary indicators like MACD, DMI and RSI are at good junctures that may biased to lead the stock price for further upside and take off from its initial stage of markup phase;

“XChart’s Trade Signal” has been triggering 4 real times today afternoon as shown above indicating the stock on “CB06: Uptrend Intact and MD01: MACD (>0) crossing up signal line”;

“XChart’s Stock Analyser” as shown above is fundamentally PFS9=9 indicates FA is extremely good, and technically TAS20>55% indicates that the stock price may biased for further upside after taking off the initial stage of its markup phase;

Fundamental:
PEKAT GROUP BERHAD (PEKAT, 0233) is listed under ACE market’s Industrial Products & Services Sector.
Principal Products / Services:

Solar Photovoltaic (PV) systems and power plants, Earthing and Lightning Protection systems, Electrical products and accessories.
Financial ratios:

TTM Q4-Dec-2023: DY%=1.92%, EPSG=9.28%, PER=24.53, ROE=10.02%, NGR=NetCash, DER-ST=0.01, TLER=0.30;