MCO + Proclaimation of Emergency? How BPURI reacts..
With the latest announcement of MCO 2.0 and Proclamation of Emergency by the Malaysian Govt, Can Bpuri sustain its uptrending pattern?
Based on few trading weeks, strong support on the trending line is observed. Bpuri has recently awarded with a project in Thailand which will benefited the comp in the long run. In my opinion, this stock in considered good for swing as long as it doesn't break the trending line regardless of any situation. Best EP preferably when the price touched the trending line (0.095 as of 12 Jan 2021).
Potential BO zone 0.120-0.125 for TP1 0.150 and TP2 0.180
Based on few trading weeks, strong support on the trending line is observed. Bpuri has recently awarded with a project in Thailand which will benefited the comp in the long run. In my opinion, this stock in considered good for swing as long as it doesn't break the trending line regardless of any situation. Best EP preferably when the price touched the trending line (0.095 as of 12 Jan 2021).
Potential BO zone 0.120-0.125 for TP1 0.150 and TP2 0.180
Penafian
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