TGUAN - 2x Classic Support**Weekly 50 MA + Fibonacci 0.5**
Tguan has been accumulating at 2.30 ~ 2.50 for few weeks.
Currently at a good entry point level that comes with a good risk and reward ratio.
Tguan
TGUAN - Demand of plastic packaging productsFoodpanda, grab, takeaway, or anything you could think of.
Adapting well to the new normal, focus on improving sales and margins for existing products (i.e. stretch film), and aims to target more export markets.
It is also concentrating on continued expansion into higher-margin production lines to sustain the plastic segment’s margins going forward.
Revenue for the nine months was up 11.97% at RM586.43 million from RM523.76 million in the corresponding nine months last financial year.
It's good to have at this price level with a good risk and reward ratio. :)
TGUAN - How Far It Can Go?TGUAN
Rst: 3.50
Spp: 2.97
A rare bullish creature in this volatile market, no bearish RSI divergence signal yet. Adjusted my earlier Fibo Extension projection to factor in recent bonus issue, the stock has broke through from Fibo Ext 100%, still bullish but may be dangerous to ride at current point as over-extended from 100% is usually tough challenge.
TGUAN - Breakout From Psychological Resistance 4.00TGUAN (Weekly view)
Trend: Bullish
Rst: 4.32/ 4.47
Spp: 4.16
The stock is on the verge completing long term rounding bottom formation which is highly bullish. There's still upside space until 4.47 before it can break through into 4.98.
