Based on TA.....INIX is still on a bullish uptrend. Now is just the process of accumulation by getting rid of stale bull....weak holders and contra players. It will proceed upwards once these issues are cleared.
I don't look at their nature of business. In fact... I don't care what they do. I consider myself... a trader and a speculator. I buy low and I sell high. I buy when ppl sell and I sell when ppl chase and buy. My only concern is their TA. So far....the TA looks good. I think 40c is within reach this week.
Inix Technologies Holdings Bhd is entering the durian business by partnering with a durian product manufacturer, Dura Manufacturing Sdn Bhd (Duria). Inix will be appointed to secure the supply chain for Duria for 5,000 tonnes of nitrogen frozen Musang King durians, 2,000 tonnes of Durian paste and 1,000 tonnes of Musang King pulp over the next five years. Inix and Duria are looking at setting up three new primary processing plants for the fruit products, the first of which will be located in Perak and the remaining two locations to be determined at a later date.
Meanwhile, Inix posted a net profit of RM216,000 in the second quarter ended July 31, 2020, from a net loss of RM4 million in the corresponding quarter last year. Revenue fell to RM629,000 from RM1.39 million.
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....
Winterbreeze
40 posts
Posted by Winterbreeze > 2020-09-28 14:14 | Report Abuse
Awaiting 45c gogogogo!