KUALA LUMPUR (Oct 28): RHB Retail Research said PMB Technology Bhd is poised for a rebound as it bounced off mildly from a recent pullback to hit the RM14.00 threshold yesterday on surging volume.
In a trading stocks note today, the research house said if the stock manages to breach above that level, strong buying interest may drive the stock towards the RM15.00 level before it reaches the RM16.30 all-time high level.
“Conversely, falling below the RM12.20 support level will cancel this expectation,” it said. Advertisement
Basic material industry is less understood in Bursa. Market has simply confused Ferrosilicon (FeSi) with Silicon (Si) metal. Both metal's prospect, industry structure and usage is completely different.
While FeSi price has tanked, Si price slow down has broadly stabilised. Meanwhile Si prices in Europe and US is higher than those of China made in late September.
It is the moment to demonstrate gumption and take advantage of the (blind) momentum.
Great80 Since morning Aaron Tan busy in tis forum....now missing in action pulak.... ---------------------- entire morning red i also no come in what ... lol
PMB profit is tax exempted for 5 years or 10 years ( cannot remember) as it is operating under Sarawak green zon ( Just like West Msia East Corridor which needs to attract new investment) per RHB's Press Metal. So it is not affected
… only look at company alone is not called stock market already… in order for pmbtech to go higher, klse need to have bullrun first … or at least dont have bad news
As said many times pmbtech is a commodity conpany and not gentec directly involve in ev
Posted by PureBULL ... > Oct 30, 2021 6:45 AM | Report Abuse X
Global fin exam TOPIC: EV IS DRIVING SUPER HIGH DEMAND IN EV.METAL N EV.TECH FOR DECADES
This is just the BEGINNING, look at how bullish these EV.METALS r:
LITHIUM +311% ytd, $191,500 now TIN +82%, $37,040 COBALT +75%, $56,545 ALUMINUM +38%, $2,735
SILICON +173% since Aug 1st, 2021, cny$41,375
Our PMETAL, a KLCI component stock at $50 billion mkt cap is the mkt proven giant stock now n will only be growing larger. PMBTECH n MSC r the next coming multi bagger stocks available on KLSE...
According to Aaron Tan theory....all counters in klse will be in RED......not even 1 counter will be green it seems...... Aaron Tan theory n analysis...
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....
Mr.Sm Invest123
2,267 posts
Posted by Mr.Sm Invest123 > 2021-10-28 08:46 | Report Abuse
KUALA LUMPUR (Oct 28): RHB Retail Research said PMB Technology Bhd is poised for a rebound as it bounced off mildly from a recent pullback to hit the RM14.00 threshold yesterday on surging volume.
In a trading stocks note today, the research house said if the stock manages to breach above that level, strong buying interest may drive the stock towards the RM15.00 level before it reaches the RM16.30 all-time high level.
“Conversely, falling below the RM12.20 support level will cancel this expectation,” it said.
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