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DATASONIC GROUP BERHADDATASONIC GROUP BERHADDATASONIC GROUP BERHAD

DATASONIC GROUP BERHAD

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DSONIC trade ideas

DSONIC - Possible re-accumulation phasePoint A - Stopping Volume appear on the down move, (Ultra high volume), may indicate buyers coming in to halt the move downward. Point B - Re-test at of point A , now with lesser volume (but still considered high volume), indicating there is still supply in the market Point C - retest of same area of point A & B, but this time volume is low indicating that professional money not interested in bringing the price lower than the support line. Point D , volume increased while approaching the upper resistance line. If the next bar is a downbar, that means there is still supply not removed and price may travels back downward. If it closes above the resistance line (sellers absorbed), then price may travel further up Comments are welcomed, Tq
MYX:DSONICLong
by Forever_Learner
Dsonic 16/6/2020 *16th June Technical Idea* *DSONIC (Stock code: 5216)* Dsonic is falling from the peak back to demand zone, potential long bias, Today share price open high and close higher. Invert pattern, potential entry signal. We think that Dsonic is in flavor as long as share price no break 1.215. *Risk: High Risk* *TP1: RM1.505* *TP2: RM1.90* *SL1: RM1.215* *SL2: RM1.145* *Risk Return Ratio: 2.52x* This trade is fully technical call and need sector catalyst to kick off the share price. 1) Aggressive trader can consider for grab TO 2) Conservative investor can accumulate at every demand zone as long as fundamental remain 3) if share price can’t sustain at 1.215 will suggest reduce exposure or wait other opportunity.
MYX:DSONICLong
by Tychesky88
DSONIC - Healthy Pullback with Upside PotentialOpportunity and Risk DISCLAIMER: This analysis is for educational and informational purposes only. It is based on my personal view in the market from a technical standpoint. None of information posted in this page can be used as investment decisions except for educational purpose only. Do not trade solely on the information posted in this page. Trade at your own risk and judgement. A trader could potentially lose all money. Only risk capital that can be lost without jeopardizing ones financial security of lifestyle. Please seek licensed professional guidance if you plan to invest your capital seriously. PENAFIAN: Analysis ini hanyalah untuk tujuan pembelajaran & pendidikan sahaja dan bukan cadangan untuk membeli atau menjual stok atau apa jua jenis instrumen kewangan. Anda dinasihatkan untuk menghubungi remieser / dealer / bank pelaburan yang mempunyai lesen atau kelayakan yang sah untuk bertanyakan pendapat dan menguruskan pelaburan anda. Pelaburan dan perdagangan mempunyai risiko tinggi, dan ianya adalah Risiko Anda Sendiri.
MYX:DSONICLong
by DrArifMokhtar
1
Sonic Waves !Hello, This time not going to tell much about the technical views but more into the news. Datasonic Financial Analysis is very good ! The competitor between the e-Government MyEG shows a buy back shares today (28 May 2020). Not going to compare, latest news regarding datasonic is the rising of high volume of shares for preparation of immigration document (something like that) that worth of RM500 millions. Based on the shares secured by the owner of the Datasonic, unfortunately here cannot view the picture of pdf or picture document please visit the bursa annoucement website (link : www.bursamalaysia.com). Personally, my own TP for this counter fly high after the share imposed to RM1.8 as the owner place the share at RM1.53. But be cautious, every trade have a support and resistance line. The breakout through the resistance line will tell you how convincing the future price with a good support of volume ! The immediate support line for this counter is RM1.53/RM1.45 The immediate resistance line RM1.58/RM1.65 The TP RM1.75/RM1.83 Entry above RM1.53 Cut loss if your trade is approaching 4%( Minimize the risk ok !) My reference for FA(Financial Analysis) iSaham (www.isaham.my) . . . . Thanks ! Any comment are welcomed and hope we learn together ! Selamat Hari Raya Aidilfitri Maaf Zahir dan Batin ! (masih dalam mood raya) *even pkp XD (aiyo cant insert emoji)
MYX:DSONIC
by Izzat_Azmi
4
DSONIC - An attempt to break the 52WH ATH and beyondIf you follow my posting before, you should realized that DSONIC-WA is one of my long term counter especially post COVID-19 impact. The warrant moves alongside in trend with its mother share thus it has been one of my favorite counter so far. Let's look at its mother share DATASONIC. Datasonic is currently the sole provider of the MyKad since 2012, and is the sole provider of the Malaysian e-Passport since 2016. It is also the personalisation solution provider for Europay, Mastercard and Visa in Malaysia to more than 10 local and foreign banks. Fundamentally, it is a strong e-government company providing services for mykad, e-payment and much more - EPS: 4.42 (Very good) - PE Ratio: 35.07 (OK) - ROE: 20.95 (Very good) - NTA: 0.211 (lower than current price , but normal for technology company to have lower NTA) - Financially a very stable company with consistent positive net profit since 2013. - Shareholding: Mr Chew Ben Ben & Dato Haji Razali has been actively collecting more shares of DSONIC. Coincidence? Let's look at some of the news lingering around DSONIC 1) Since March 2020, Mr Chew Ben Ben and Dato Haji Razali (DIrector of DSONIC) has been actively buying more shares. 2) When the directors/owner of the company started to accumulate more shares, its an obvious sign that there is something positive going on in the company. What is it? Only the CEO knows inside out. Our view maintains that the company has reached the bottom from March 2020 and the only way is up. 3) 21 May 2020: FOCUS media published a news on DSONIC. "DATASONIC to bid for RM500mil i-Kad immigration tender". A card specific for immigrant working in Malaysia. “The i-Kad tender requires the tender company to have experience in providing card supply and software application development and must be a 100% bumiputera company in order to qualify for participation. Therefore, Datasonic meets all the requirements,” he said. Although the deadline submission for the bid is 6th June, we have seen the bidders are having rally especially DSONIC, PRESBHD, SCICOM and IRIS. Based on the news, it was forecasted that DSONIC is qualified being its capability as the sole service provider for IC. Chart wise, we had a good rally last friday to 20% up. Possibility that the price will stays here or rally up until at least 6th of June, but what to worry if you invest in a very good fundamental company?
MYX:DSONICLong
by mahsyarsaid