Exactly... if close above 1.5 then look alike 3 white soldier in technical... Uptrend. Fundamental also good... In plan transfer to main board... Let's fly after longtime sideways....
Can someone enlighten me pls why millions of shares are being issued around rm1.30 (I forgot the actual price) to raise funds and price can go up to rm1.57? Tq
Aiya buy now also no need scare one... Haha... They need to maintain above 500m market cap to enter main board. The lowest they can go is 1.2 ish... If bought near that range just watch show
Since MCO, many responsible citizen who are at home are blessed with a lot of free time to browse for shopping items, especially when Chinese New Year is around the conner. Every time a transaction takes place, Revenue (0200) benefits.
News Analysis:
There are 3 highlights for Revenue (0200)’s news flow which we would like to highlight.
Revenue (0200) broke out from its all time high resistance of RM1.52 last Friday (05/02/2021) to closed at price of RM1.59, which is all time high. The upward resistance of Revenue (0200) has depleted and diminished, meaning to say that there is very little seller as the price of Revenue (0200) moves up. The next possible resistance for Revenue (0200) is RM2.03.
With the recent resistance of RM1.52 cum support, and immediate resistance of RM2.03, the Reward to Risk ratio is 6.2 times, which is very appealing.
Conclusion:
We strongly believe that Revenue (0200) is a fundamentally strong company which should not be overlooked. With the technical confirmation of price action movement that Revenue (0200) are ready to rally up north, backed by news such as profit guarantee from Wannatalk, teaming up with Tech Giant- Huawei Malaysia, and a Mainboard transfer listing…
What will you do?
DISCLAIMER: This post serves as an educational analysis and is never meant to be a buy/sell call or recommendation. Investors must always do their own due diligence before making any investment decisions. The author of this post is not liable in any way for any decisions made by any individual.
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....
ivanlau
1,388 posts
Posted by ivanlau > 2021-01-31 16:55 | Report Abuse
if coming QR no good , afraid it will further drop to 1.15 ... today closing 1.29