Simple13 Trading IdeaCurrent 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.
MYX:GCB
