Please be reminded that this is NOT a ”pump and dump” motivated article nor a recommendation. It is just my comprehensive studies on this interesting the the company. Please seek advice from licensed investment representative for the recommendation!
As mentioned the NEXT LIMIT UP stock in the previous article here. Read 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
And another one here:
https://klse.i3investor.com/m/blog/fatprofitstock/2020-04-02-story-h1485763560-AS_EXPECTED_THIS_STOCK_HAS_SKYROCKETED_IN_2_DAYS_NOW_AFTER_MY_CALL.jsp
In summary:
• MINETECH shares the same shareholder of Serba Dinamik. As oil prices are jumping on President Trump’s news that the Saudis and Russians are ending their feud and will cut oil production, we definitely expect Serba Dinamik’s share price and its other network, Minetech, Kpower and SCIB to skyrocket too!
• Of course the positive impact will be a focus on O&G stocks, but how many will directly benefit from oil prices? Hibiscus is the only stock though. The rest O&G stocks are just lagging that heavily rely on PETRONAS’ capex that depends on oil prices. Except for Serba Dinamik that depends on oil majors’ opex!
• Serba Dinamik is actually would not benefit from the volatility in oil prices, whether up or down but since it is under the O&G category, the sentiment on all O&G stocks should be positive, so does related network - Kpower, SCIB and Minetech!
• Minetech could skyrocket to as high as 33sen if not LIMIT UP!
• Although Minetech, Kpower and SCIB are not O&G companies, you have to understand that both Minetech and SCIB would benefit from Serba Dinamik’s EPCC O&G and other related jobs! Serba Dinamik could sub-contract jobs to Minetech directly or through SCIB.
• The appointment of new Chairman of Minetech (Serba Dinamik) last three days was on the right timing on the recovery of oil prices that can help secure more contracts from Serba Dinamik, Kpower, whom has been awarded a new contract again of late, and many other projects!
• How sure my comprehensive studies on Minetech could benefit from Serba Dinamik and its other network? The answer is the relationship and network of the same shareholder of Serba Dinamik. Evidently, the recent hydropower plant contract secured by Kpower was also based on relationship or network RPT (related party transaction)!
• The important thing you have to remember is there is no way this new chairman acquired Minetech's shares for 5-10sen gain. It could be more from maybe its average price of 11-12sen! Minetech's share price could easily double from current price of 15.5sen! At least 30sen to reflect an expectation of earnings improvement in Minetech!
Technical Analysis view
• Minetech’s 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, which 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 if not today!
• 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 16.5sen / 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!
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More articles on Fat profit stock >>
AS EXPECTED, THIS STOCK HAS SKYROCKETED IN 2 DAYS NOW AFTER MY CALL! - Apr 02, 2020
MY COMPREHENSIVE STUDIES ON THE NEXT LIMIT UP STOCK! - Mar 31, 2020
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