MESTRON trade ideas
MESTRON Potential for Long SwingMESTRON 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
MESTRON: Breakout Trading2 times MESTRON tried to break 0.29, and today it did. It went up to 0.30 and retraced, I bought it at 0.295
Entry: 0.295 (1st)
SL: 0.27 support
TP: 0.310 (10% target only)
Let's see how it goes
DISCLAIMER: The idea is made public for discussion purpose only, not for buy-call. Each entry I made in this journal is for my own educational purpose and record keeping.