FINTEC winning "jackpot" with 0.2 cents?! 29/Oct/21FINTEC ( a controversial stock in KLSE) hit previous Stop Lost @ 0.020. Price now seen like stalled at lower trend line (Cyan Dashed) of possible wedge pattern at RM0.015...Price may have deep pullback toward upper trend line (Red Dashed) of the wedge pattern at around RM0.215 a possible 975% gain...
FINTEC trade ideas
KLSE 0150 FINTEC - Channel Breakout and Bullish DivergenceFINTEC (Formerly AsiaBio) have been moving back into the black from the end of FY17.
A few incubatees have started to grow (NETX 0020) and move out of accumulation phase.
OBV indicates strong bullish divergence - indicating that the operator have been accumulating (both FINTEC and NETX)
A tandem move in the near future is likely. Historical pumps >100%.
0150PA offers a low risk leveraged play which will come into being once price consolidates above 0.16 as the dual conversion option is
(1) - 2x 0150PA into one 0150 share
(2) -1x 0150PA + RM0.08 for one 0150 share
On significant break above 0.18, 0150PA will move in tandem with mother shares, allowing 2x leverage at negigible risk (0150PA expires in 2027 and convertible to mother share at any point)
