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
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
Note
Mid TP achieved at RM0.365Note
Arrived at 0.425
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.
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.