sothye

HLT-WA - potential +40% gain ahead?

Long
MYX:HLT-WA   HLT GLOBAL BERHAD - WARRANTS 2017/2022
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1
In H1, we observed a pullback entering 61.8% support. We also observed the counter is in major uptrend and ready to form a new higher low anytime soon. Based on previous pullback, using Time-based Gann of 1.0, we expect the HL could complete somewhere ard 3-February, before doing a quick jump of +40% to 1.41.

This would be invalidated if price break support of 0.87 which breaks major uptrend.

Sentimen: Extended MCO and overvalued glove counter causing volatility of the price

TAYOR

Comments

long hold possible rm 2.50 for mother?
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sothye KaysonC
@KaysonC, although the stock is in uptrend now, the glove sector has lost its hype. If the uptrend momentum continues slow and steady like current pace, the mother could reach 2.5 by end of 2021. But market discount everything, so anything is possible.
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KaysonC sothye
@sothye, thanks sir for your time
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