There are few Investment Bank write up on this co, I believe more will cover this stock. You can pick it up and read it. I said earlier, seldom there are wrong, it will hit target definitely, it just too many noises in stock market especially early this year.
Research done on Jentayu Sustainables Berhad ("JSB") 24.11.2022
Looking at the price action, JSB closed above the resistance level 0.715 (Fibonacci 100%) yesterday.
This would mean the price action could trend higher, provided it stays above the previous resistance cum new support at 0.715. If it successfully stays above this level, it will be considered as a price breakout and a likely continuation to the next level of Fibonacci resistance at 0.89 or at least to the previous high of 0.84 (November 2021) before seeing some selling pressure.
At this level (0.84 - 0.89) there could be some selling activity as the current market should participants decide to take profit.
Although the above could happen, there is a possibility that the price could break through the resistance levels as the RSI above 70 point upwards therefore indicating that the buying momentum is very strong.
A continuation of such strong buying momentum will push the price higher.
The MACD, shows that the trend is going up as the positive divergence between the MACD and SIGNAL line is getting bigger. This means that the buying activity is stronger compared to selling.
Looking at the Monthly STOCHASTIC RSI, it is showing a continuation of bullish trend since June of 2022 when the price break above 0.40 and currently is still going strong as the price hovers above the 70 sen
In summary, the current price movement is very positive and if it manages to stay above the current immediate support of 0.715, there's a possibility of the price continue moving upward to its long-term target of 1.12 at the Fibonacci golden ratio of 1.618
The above reading is true only on the date it is done.
Take a look at its weekly chart. This week's green candle has more or less engulfed its past two weeks' weekly red candles. The volume is also something else.
I bought the warrants at 0.255 today. Next month might be exciting.
Soon The Voith Group of Germany will acquire and JSB will have the best technology partner in the world. Will eliminate most of the development risks in the future. Guys just google The Voith Group to know how impressive is the group.
Commercial Operations Final tests all completed for Telekosang hydro plant. Market is rewarding the good news this morning. JSB up to 6c (7%). Onwards and upwards!!!
TP, depends on individual strategy, objectives and length of the investment. Jsb is projected to do over RM300m plus profit a year when their 2nd Hydro complete. In my calculation, worth few billion. Yes, few billion market cap and currently the cheapest in the market. They are solid, they own the assets unlike many other co they just focus on EPC (Engineering, Procurement, Construction) and their income depending of of winning short-term term contract.
If you wait further, it's going to cost you more. Look at the chart, it's progressing nicely in tandem with co. progress. So far rapid growth i.e. happen very quickly.
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....
Greensky
264 posts
Posted by Greensky > 2022-11-14 13:52 | Report Abuse
There are few Investment Bank write up on this co, I believe more will cover this stock. You can pick it up and read it. I said earlier, seldom there are wrong, it will hit target definitely, it just too many noises in stock market especially early this year.