Current Price: RM 0.96 After previously breaking below the uptrend channel, the stock has shown resilience by rebounding back within the channel support. Despite heavy selling pressure over the past two weeks, the price has maintained a tight consolidation, indicating a potential rebound. Trading Plan: – Take Profit Area: RM 0.96 to RM 1.08 (within the upper range of the channel). – Entry Area: RM 0.96 to RM 0.925 (near the lower channel support). – Cut Loss: RM 0.90. If the...
$PANTECH (5125.MY)$has made good ground in terms of share price, rising close to 50% in the past year. While it posted disappointing results recently, it will likely ride on the expected elevated crude oil prices.
$PANTECH (5125.MY)$ Pantech Group Holdings Bhd has surged some 48.7% in the past year to close at RM1.10 on June 10. The pipe-and-valve maker appears to have room for further upside with follow-through buying, lifting the share price to resistance levels of RM1.20 and RM1.24. It has been a good build up for the counter, which was trading at a 52-week low of 71 sen a year ago. Interestingly, the group is looking at spinning off two sub...
Good morning mooers! Here are things you need to know about today's market: ●Tech Stocks Drag Down Indexes on Thursday ●Malaysian Stock Market Ends Six-Day Winning Streak Amidst Selling Pressure ●Plastic Packaging Industry Viewed Optimistically by Market Insiders ●Stocks to watch: AirAsia X, Capital A -moomoo News MY Wall Street Summary Indexes fell on Thursday due to a drop in big tech stocks. Sh...
PANTECH Stock Forum
After previously breaking below the uptrend channel, the stock has shown resilience by rebounding back within the channel support. Despite heavy selling pressure over the past two weeks, the price has maintained a tight consolidation, indicating a potential rebound.
Trading Plan:
– Take Profit Area: RM 0.96 to RM 1.08 (within the upper range of the channel).
– Entry Area: RM 0.96 to RM 0.925 (near the lower channel support).
– Cut Loss: RM 0.90.
If the...
Pantech Group Holdings Bhd has surged some 48.7% in the past year to close at RM1.10 on June 10.
The pipe-and-valve maker appears to have room for further upside with follow-through buying, lifting the share price to resistance levels of RM1.20 and RM1.24.
It has been a good build up for the counter, which was trading at a 52-week low of 71 sen a year ago.
Interestingly, the group is looking at spinning off two sub...
●Tech Stocks Drag Down Indexes on Thursday
●Malaysian Stock Market Ends Six-Day Winning Streak Amidst Selling Pressure
●Plastic Packaging Industry Viewed Optimistically by Market Insiders
●Stocks to watch: AirAsia X, Capital A
-moomoo News MY
Wall Street Summary
Indexes fell on Thursday due to a drop in big tech stocks. Sh...
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