Simple13 Trading Idea
Current Price: RM 3.01
The latest earnings report for this stock is solid, but the absence of a gap-up at market opening suggests the result was already priced in or met investor expectations.
Fundamental Strength:
PE Ratio: Less than 10 (indicating undervaluation).
ROE: More than 10 (reflecting strong efficiency in generating returns).
These financial ratios highlight the company's solid fundamentals, making it a potential candidate for accumulation.
Trading Plan:
Take Profit Area: RM 3.01 to RM 3.60.
Entry Area: RM 3.01 to RM 2.90 (consider entering on pullbacks).
Cut Loss: RM 2.80.
If the price drops below RM 2.80, the pullback could be deeper than expected, likely falling below the 20 EMA, signaling a higher risk.
Summary:
The strong fundamentals make this stock attractive, while the lack of immediate price action post-earnings provides an opportunity for buyers to accumulate near support levels. Keep an eye on technical signals and manage risk appropriately.
Disclaimer: This is not financial advice and is for informational purposes only. Always do your own research before making any trading decisions.
GCB
The latest earnings report for this stock is solid, but the absence of a gap-up at market opening suggests the result was already priced in or met investor expectations.
Fundamental Strength:
PE Ratio: Less than 10 (indicating undervaluation).
ROE: More than 10 (reflecting strong efficiency in generating returns).
These financial ratios highlight the company's solid fundamentals, making it a potential candidate for accumulation.
Trading Plan:
Take Profit Area: RM 3.01 to RM 3.60.
Entry Area: RM 3.01 to RM 2.90 (consider entering on pullbacks).
Cut Loss: RM 2.80.
If the price drops below RM 2.80, the pullback could be deeper than expected, likely falling below the 20 EMA, signaling a higher risk.
Summary:
The strong fundamentals make this stock attractive, while the lack of immediate price action post-earnings provides an opportunity for buyers to accumulate near support levels. Keep an eye on technical signals and manage risk appropriately.
Disclaimer: This is not financial advice and is for informational purposes only. Always do your own research before making any trading decisions.
GCB 
Disclaimer
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