MY Stock MarketDetailed Quotes

5024 HUPSENG

Watchlist
  • 1.070
  • +0.010+0.94%
15min DelayTrading Nov 4 10:19 CST
856.00MMarket Cap17.26P/E (TTM)
Intraday
  • 5D
  • Daily
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  • 1Q
  • 1Y

Trade Overview

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Capital Trend

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Comments

    KLCI retraced back towards the 1633 points region with an overall negative market sentiment as we saw almost 550 counters closing red for the day along with it. Daily trading volume remained low around the 2.2 billion mark, mainly dominated by sellers.
    Main stocks that showed strong buying momentum would be the likes of SINKUNG, TOPGLOV, YEWLEE WA, YEWLEE, SUPERMX, HUPSENG, TANCO, SPSETIA, SUNWAY, and MRCB. All of which were able to sustain their rall...
    Technical Setup:
    The stock took 67 days to break out of the consolidation zone between RM 0.96 and RM 1.16 with high volume, indicating potential bullish momentum.
    After the breakout, there is a high probability of a pullback, which creates an opportunity to enter at lower levels within the buy zone.
    Entry Strategy:
    Plan to accumulate shares during the pullback between RM 1.10 and RM 1.15, a zone that offers a favorable entry based on support and risk management levels.
    Pro...
    Simple13 Trading Idea
    $HUPSENG (5024.MY)$
    Hup Seng Industries Bhd saw some revival in its share price movement to close at RM1.16 on Aug 30. Hup Seng was trading at a year low of 68 sen last October but rose to a high of RM1.33 on July 5. It has been an impressive for the counter, which rose some 65.7% in the past year.
    The confectionary maker reported a net profit of RM9 million, up 4% year-on-year in 2QFY24, which lifted its 1HF...
    With over 65% jump in share price over the past year, can Hup Seng continue its uptrend?
    KLCI had a huge breakout towards the 1678 regions with an overall positive market sentiment with Property, Construction, Technology, and the Financial sector all showing good gains to close for the week. Daily trading volume also settled quite well around the 3.9 billion mark.
    Main stocks that showed strong buying momentum would be the likes of SUNWAY, PBBANK, CEB, CIMB, YTLPOWR, SIMEPROP, SPSETIA, NOTION, YTL, GAMUDA, MALAKOF, TENAGA, ARMADA, TANCO, SI...
    KLCI had a good breakout towards the 1652 points region today but unfortunately, our market sentiment remains in a bearish tone as we still saw 640 counters closing red for the day. Daily trading volume settled around the 3.18 billion mark, mostly dominated by selling activities.
    Main stocks that showed strong buying momentum today would be the likes of VELESTO, PBBANK, TANCO, MAYBANK, SPSETIA, PMETAL, PBA, AMBANK, and BJLAND. All of which were able...
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Analysis

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