JP Power - Trendline BO and retest

291
Watch for a bullish signal.

Technicals:
  • Trendline breakout and retest done on 1-hr TF.
  • Very likely to reach 6.5 (Near previous high).
  • SL can be placed at 4.5


Fundamentals:
  • Company has come up with net profit after 5 years.
  • Balance sheet is improving.
  • Reserves are near all time high
  • Stock is trading at 0.34 times its book value (15).


Its just an analysis, not a buy recommendation. Consult your financial advisor before taking any decision

Penafian

Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.