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MSR_EMPIRE
Jul 21, 2021 4:16 PM

LONG FOR BP PLASTIC HOLDING BHD Long

BP PLASTICS HOLDING BHDMYX

Description

The current structure is shown the price has broken the previous high of 1.760 with momentum. The next level I'm looking at is at 2.02 in order to archive the equal leg price around 2.42~2.45 Fibonacci level.

Looking at the current EPS of 0.175 & PE ratio of 10.765 (mean ratio 18) with steady QR on their financial report will give them value and reason to hold a long position much longer until the next price cycle. The next Earning report schedule on 17th Aug 2021 will be vital data for the next movement expectation with the current Covid-19 lockdown expected will give an impact to the company revenue.
MYX:BPPLAS
https://www.tradingview.com/symbols/MYX-BPPLAS/financials-overview/
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