the counter for accumulating.the story start around November 2019, a Taiwanese bought 162.33 million share (27.52%) at RM0.3866. a private placement of 10% equal to 58.987 at RM0.2388 on August 2020 allocated to the same party. one year later around September 2021 right issue announced 1 for 1 with free warrant, RM0.22 per share done. capital injection due to company cashflow problem. 1 year later on the November 2022 the party taken action again to convert all the warrant to ordinary share, 578 million warrant at RM0.22 being converted. it took 4 year to turn the company around, now the share price below RM0.18 is a chance to accumulate. if base on chart, break up timing will take more than 6 month. any good news or quarter result will adjust the timing. I share the story, and you may analyse it true or false. tq.
MUDAJYA trade ideas
The new journey fight has began. Hello Malaysian Traders,
Diharapkan semuanya sehat2 belaka.
This market watch foresee will have a new uptrend, after a long downtrend market. Now Mudajaya maybe have a good fortune in this few days ahead. Frorecast will go to zone price 0.330 - 0.335, if the resistance breaks it may be go to another resistance. If not happen, 0.25 is the best price to quit.
MUDAJYA: Breakout Above Yearly-MA Line, Reversal of Trend?Thank you for your continued support :)
Strategy: Moving Averages Formation
Bias: Bullish. Moving averages aligned. Breakout with retracement at key fibonacci level.
Stop-loss: The region between 0.365 and 0.385 as resistance becomes support, but volatility causes price to have candle shadows/wicks that violate into this region.
1st Target: 0.445
2nd Target: 0.540
Gentle reminder: Plan your trade and trade your plan. Peace out!
<TradeVSA> Complete Pullback to confirm soon in MudajayaStrength in the chart:
1. Re-accumulatoin
2. COMBO Pattern = Spring + Green Pentagon
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Disclaimer
This information only serves as reference information and does not constitute a buy or sell call. Conduct your own research and assessment before deciding to buy or sell any stock
