Please refer to the previous article on MINETECH here for better understanding:
(https://klse.i3investor.com/m/blog/fatprofitstock/2020-03-31-story-h1485732528-MY_COMPREHENSIVE_STUDIES_ON_THE_NEXT_LIMIT_UP_STOCK.jsp)
Part 1: Fundamental Analysis
• Following-up on the previous article, my comprehensive studies/assumptions continue showing that the stock is still on the track to rally further! The share price could double from current price of 15.5sen!
• Given another stronger-than-average volume today in combined with another shares acquisition by Dato’ Awang Daud for 2 days straight after his appointment as a Chairman of Minetech, this could signal a strong confidence in the company's outlook, heading in a positive trajectory!
• To the extent that there could be more announcements, which will be on new contracts in the coming days or soon since its last announcement of new contract on 10th Jan 2020!
• As said in the previous article, there could be a potential appointment for Minetech as a sub-contractor or to be awarded contracts from Kpower and SCIB to supply its quarry materials to both Kpower and SCIB for their projects due to their relationship and network as these three companies share the same shareholders of Serba Dinamik! The synergy between Minetech, Kpower and SCIB is their businesses complement each other! Sharing the same shareholders could hand Minetech a competitive advantage!
• In fact, strong profile and expertise of Dato' Awang Daud also could boost Minetech to secure other projects! Hence, more contracts for Minetech, more earnings Minetech could generate from this year onwards!
• Minetach's business nature is involved in quarry products (materials for infrastructure and building construction works: premix products, aggregates, bitumen etc.).
Part 2: Technical Analysis view
• The share price has broken two resistance levels of 13sen and 15sen and with another strong closed today at 15.5sen, accompanied by another stronger-than-average volume indicates the stock is poised for further upside.
• There could be a potential ”Sharp/Spike Rally” in the stock in the coming days given the aggressive 2-day accumulation (today and yesterday). Based on technical analysis projection, the stock could rally to its historical high of 33sen in the near-term, which probably next week!
• Of course, there would be minor hiccups/small corrections along the way but would stay in a sharp/spike uptrend, with the next resistance stands at 17sen / 22sen /26sen.
• Both short-term and long-term bullish outlook remains intact as the share price has maintained above all 5,20,50 and 200-day E/SMA lines.
• MACD histogram indicator keep improving above zero line with no sign of peak yet! RSI stays in bullish landscape and will remain in that zone during the uptrend!
https://klse.i3investor.com/blogs/fatprofitstock/2020-04-02-story-h1485763560-AS_EXPECTED_THIS_STOCK_HAS_SKYROCKETED_IN_2_DAYS_NOW_AFTER_MY_CALL.jsp
(https://klse.i3investor.com/m/blog/fatprofitstock/2020-03-31-story-h1485732528-MY_COMPREHENSIVE_STUDIES_ON_THE_NEXT_LIMIT_UP_STOCK.jsp)
Part 1: Fundamental Analysis
• Following-up on the previous article, my comprehensive studies/assumptions continue showing that the stock is still on the track to rally further! The share price could double from current price of 15.5sen!
• Given another stronger-than-average volume today in combined with another shares acquisition by Dato’ Awang Daud for 2 days straight after his appointment as a Chairman of Minetech, this could signal a strong confidence in the company's outlook, heading in a positive trajectory!
• To the extent that there could be more announcements, which will be on new contracts in the coming days or soon since its last announcement of new contract on 10th Jan 2020!
• As said in the previous article, there could be a potential appointment for Minetech as a sub-contractor or to be awarded contracts from Kpower and SCIB to supply its quarry materials to both Kpower and SCIB for their projects due to their relationship and network as these three companies share the same shareholders of Serba Dinamik! The synergy between Minetech, Kpower and SCIB is their businesses complement each other! Sharing the same shareholders could hand Minetech a competitive advantage!
• In fact, strong profile and expertise of Dato' Awang Daud also could boost Minetech to secure other projects! Hence, more contracts for Minetech, more earnings Minetech could generate from this year onwards!
• Minetach's business nature is involved in quarry products (materials for infrastructure and building construction works: premix products, aggregates, bitumen etc.).
Part 2: Technical Analysis view
• The share price has broken two resistance levels of 13sen and 15sen and with another strong closed today at 15.5sen, accompanied by another stronger-than-average volume indicates the stock is poised for further upside.
• There could be a potential ”Sharp/Spike Rally” in the stock in the coming days given the aggressive 2-day accumulation (today and yesterday). Based on technical analysis projection, the stock could rally to its historical high of 33sen in the near-term, which probably next week!
• Of course, there would be minor hiccups/small corrections along the way but would stay in a sharp/spike uptrend, with the next resistance stands at 17sen / 22sen /26sen.
• Both short-term and long-term bullish outlook remains intact as the share price has maintained above all 5,20,50 and 200-day E/SMA lines.
• MACD histogram indicator keep improving above zero line with no sign of peak yet! RSI stays in bullish landscape and will remain in that zone during the uptrend!
https://klse.i3investor.com/blogs/fatprofitstock/2020-04-02-story-h1485763560-AS_EXPECTED_THIS_STOCK_HAS_SKYROCKETED_IN_2_DAYS_NOW_AFTER_MY_CALL.jsp
