MA50 and MA200 are moving up and MA50 is above MA200.
Typical type VCP Pattern share.
from technical analysis, it is recommended to buy but however from fundamental analysis, director have no integrity in 2017 during selling process aspion group to top glove bhd. Although it have been settled nicely in the end, but it leave a bad image for value investor. During before selling aspion group in 2017, i saw their annual report the non-related party transaction got stated director using company money to trading buy gloves from aspion group. It makes company profit very low in most of the year.
Disclaimer: This analysis is solely for my own reference and learning purposes. Trade at your own risk
Typical type VCP Pattern share.
from technical analysis, it is recommended to buy but however from fundamental analysis, director have no integrity in 2017 during selling process aspion group to top glove bhd. Although it have been settled nicely in the end, but it leave a bad image for value investor. During before selling aspion group in 2017, i saw their annual report the non-related party transaction got stated director using company money to trading buy gloves from aspion group. It makes company profit very low in most of the year.
Disclaimer: This analysis is solely for my own reference and learning purposes. Trade at your own risk
Comment:
price drop due to investment bank announced hair cut for all glove counter. price increase back after 2 days