sothye

POS - towards new horizon?

Long
MYX:POS   POS MALAYSIA BHD
Preparing to breakout cup and holder pattern with possible of +39% from neckline. This is the range during pre-covid times.

EP 1.15
TP 1.22 (+6%), 1.28 (+12%), 1.38 (+20%), 1.45 (+26% Cup depth)
SL 0.145 (-6%)

Speed: Fast with only 207M shares float (26% of 782M shares)
Sentiment: Economic recovery theme

Transportation is cyclical sector and its back in trend due to recovery hope.

TAYOR

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.