FaizNor

MESTRON Potential for Long Swing

Long
MYX:MESTRON   MESTRON HOLDINGS BERHAD
95 views
6
MESTRON potential cup and handle formation break out. Recent immediate down trendline break with volume . Current price at 0.215 surfing downtrend line. Breakout from 0.230 indicates bullish momentum. MESTRON has a good business model with profitable YoY profits. Recently announced QR profit RM3.1 mil with dividen RM0.0015/share

Good prospect in Construction, Solar, 5G as they provide solutions through their specialty poles. Could potential benefit from upcoming construction projects, National Digital Policy and Renewable Energy.

Mid TP: RM0.365
Long: RM0.600
Comment: Mid TP achieved at RM0.365
Comment: Arrived at 0.425

Comments