MRDIY - Have you been in any of their store? Does it looks like a RM 10 billions company or just a good "stonk"? hahaha...

A long time peer of the company - TexChem just announced a turnaround quarter and positive outlook, so I am looking forward to the company's coming quarterly report, low profit margin could be regarded as strength if the management is more efficient - higher inventory and receivable turn, and generates better cash flow, in such event, it offers a bargain compare to its peers (LuxChem, TexChem...), lower Price to Sale, Price to Book Value and PE ratios.

Price went up 3x from the low in 03/2020, emerging to breakout from the base of the last correction started from the sellout in 08/2020. The area of resistance is 1.11 - 1.20, some said the line of resistance is 1.15 but I think of an area instead of a line of resistance because of the heavy sellout in early 08/2020 and the recent price action, so I would wait for the price to confirm itself when (if) it breakout in heavy volume or, I would buy early if it retreats near to 1.00 and forming a hammer or star candle in heavy volume with my stop loss set at 0.95.

Price breakout in heavy volume last Friday, Cup with Handle formation, pivot point 1.61. In my opinion, depending on your own approach/style, I would pyramiding up (buy). Not recommended to buy at price exceed 1.69; stay mentally strong and disciplined as it may test the Pivot Point and also likely will encounter resistance around 1.80, I would Stop Loss below 1.57 and Stop Profit near RM 2.00, and Risk-Reward is 1:3. Monitor the general market trend and the company's coming earning reports, if both doing good by then, and the price continues to moving up in heavier volume breakout 2.10, I would buy and hold it for long term.