Many countries now encourage or require medical staffs & the masses to wear face mask... Prlexus will benefit from this...the opening of many countries incl Malaysia will see surge in demand for PPE...bright light at the end of the tunnel...ride on Disclaimer: not buy/sell call
Ya, next week i heard all healthcare counters will be back in play. Volume will start to come in. Current price is a bargain. I added more in the red yesterday. Hehehe
For the past 4 weeks it has been trading in rectangle of $0.58 to $0.78. At the existing level of $0.61 it does offer a good buying opportunity as it is near the Stop Loss level <$0.58. The Return Ratio is good. It formed a Flag Pole Pattern and last Friday it closed with a “Hammer” implies a rebound is on the card. I anticipate It will try to breakout from the Flag at $0.65 (Very Strong Resistance as it was also its previous uptrend Line). A break above with volumes it is expected to try $0.675/$0.695. If penetrate $0.70 it has the target of $0.76/$0.78. Immediate support at $0.595 and Stop Loss if $0.58 is violated.
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....
Luke91
520 posts
Posted by Luke91 > 2020-06-01 14:37 | Report Abuse
today limit 0.95 only pls don pump over!