UWC trade ideas
UWC - Long May break previous high soon
(Disclaimer: for demonstrate planned trade records study only, not for recommend to buy or sell)
Naughty tech stocksSince IPO, UWC keep suprise the trader with the changing of the price momentum.
Technology company in every of the stocks is seem to be very cheap when it is still below than the fair value.
During MCO, the economy is ready to reset and the business causality operation back to the normal but this time around it comes with the 'New Normal'.
Hence, the demand for the technology to meet the new normal works keep increase for this counter as they are producing microchip for the processing on the customer.
Recently new on UWC;
'UWC aims to move upstream to capitalise on automation and Artificial Intelligence'
This will be implement in their daily operation.
Technical,
TP1 = RM2.71
Momentum of the price is high volatility (Changes of 20sen per day)
Indicator MCDX, showing a consistent banker chip in with RSI showing an technical rebound with a good news.....Goodluck !
(This is not a buying call, regards)
UWC Berhad - 60% potential to topUWC provide fabrication services involving various processes of working with metal. These intermediate metal products are then used to produce various finished products by the customers in a diverse range of industries such as, among others, precision, semiconductor, life science and medical technology, and heavy equipment.
Let's look at the fundamental:
- Market Cap: 1.1billion
- Number of share: 550.2 million
- Last price: RM2.02
- EPS: 7.89 cent (overvalued based on 8.1 conversion)
- PE Ratio: 25.6 OK
- ROE: 15.17 OK
- NTA: 0.520 (Considering this is a tech company then OK)
Financially, the company has been in steady positive profit year on year.
Catalyst: UWC plays their role in providing medical equipment. With the increasing demand in healthcare sector its a good news for UWC. To date, 26% of UWC's revenue is depending on medical supply, while majority still in semiconductor.
Majority of their customers are 58% Malaysia, 34% Indonesia, 2.2% US and remaining for France and China.
In term of chart, we can see its steadily increasing its price to a certain resistance level. Ultimately 60% to the top :)
UMC BULLISH(NEW COUNTER)1. VOLUME STILL NOT PUMPING YET
2. UPTREND (CHANNEL PATTERN)
3. WAIT FOR RETRACEMENT BEFORE ENTRY BUY
4. UNDER MONITOR
Back Up Action In Progress For UWC?MYX:5292
Some might call it a cup and handle breakout.
Some might call it a double bottom or a triangle breakout.
It doesn't really matter as long as the breakout can be sustained.
The breakout comes with decent demand and currently seems like a backup action in progress with low supply, which is encouraging.
The accumulation zone suggests the supply level is low with a feather like movement towards the resistance (at 1.53).
When the backup action (or test) is done for the breakout bar at 10 Sep 2019, the rally should be resumed.
Don't be surprise by a momentum bar like 22 Aug 2019 after the completion of the back up process.
Using traditional technical analysis projection with a 1-1 ratio, 1,80 could be the first target.
A bearish commitment below 1.49 would violate the bullish case.
<TradeVSA> Stock Review & Update - 19 September 20191. FoundPac
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4. MYEG
5. Kossan
6. Khee San
7. VSolar
8. Guan Chong
9. Genting Malaysia
10. Sealink
11. Green Packet
12. Kerjaya
13. Hup Seng
14. Focus Point
15. Bumi Armada
16. Greatech
17. FrontKen
18. UWC
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
