1.55-1.60 is a historical support. U can calculate your Risk & rewards, 1. Scomnet already drop -40% from peak. 2. Now is low volume is time to slowly collect 3. Strong & historical support at RM1.55-1.60 4. Risk vs Rewards = Rewards is higher than risk since already at bottom 5. Normally 1st QR among 4 Quarter is the lowest, we wait for 2nd QR I believe is higher than 1st QR
6. Net Cash Company 7. With the new medical device once approve by FDA will generate 30% of revenue (expected 3rd QR) 8. Totally no borrowing 9. Profit keep increase every year
Despite closing red, there's a lot collecting today as compared to previous days. I think there's a good chance to surge in the coming weeks. 1.53 is the bottom but so far did not reach so potentially higher lows and pending breakout from downtrend channel. Based on previous times, once this counter surge, it tends to be a very strong surge. So risk vs rewards is very attractive. Let's see.
Yea @FreshNoob i took profit previously when there was huge rejection at 1.75. Not much but better than nothing since the movement really discouraging. And truly so, now it's really testing 1.53 support and it's quite tempting to enter hmmm
Manufacturing of cable and wire for ***medical devices***, automotive and electrical appliances. They are OEM for leading companies like Edward Lifescience and Denmark Ambu. The real gem in the company is Supercomal Medical Products, SMP that manufactures cable for*** medical devices***. Their products have gained European CE marking and US FDA certification. These certifications are extremely important for selling to Europe and North America market. It is another company with Taiwanese board of directors.
company with potential of growth especially on their medical segment. They will kick start production for new product which will contribute to the revenue stream. They are looking at double digit growth in FY2021 (See note below)
Now RSI is way below 30. I entered when the price is oversold. Now waiting patiently to go up to 1.5 then I will sell. But also wondering what happen to this counter. Fundamental is good cause they manufacture cooper foe the medical device industries. The problem is raw material cooper increased a lot.
The share price of Supercomnet has dropped over 20% from its pre-MCO level in May this year. This is a mighty steep fall, especially for a company which has long term contracts from big American and European companies. Perhaps opportunity has presented itself.
Let’s discuss more about this company in the video!
leno next one can choose scomnet,scomnet in the will fly soon,next few months will have many good news for scomnet, I cant say what's the good news first,get it while haven't fly,most importantly scomnet is net cash,company keep expanding tasty company,faster get on boards,the cheaper can get,the happier I am
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
FreshNoob
245 posts
Posted by FreshNoob > 2021-06-11 18:03 | Report Abuse
Maybe.. people taking profits last few weeks during mco 3.0