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MEGB heavily traded at 35 sen and company buy back stock stock from 35 sen onward, director change and so on ... what is the implication on all the activities to the stock prices ? you tell me better !!!
Technical point of view it is new life/cycle started for MEGB, the wave 1 spike up(64 sen) as I posted the blog before is a game changing action, it totally change the downtrend direction which is to created a side way or correction market for the entire outlook of this stock, you can see an nice a b c is ended with major and massive buy back activities, the best part I like is this stock was break the down trend demark trend line, which is indicate smaller degree downtrend was ended.
I am anticipate it will breakout RM 0.425 and heading to 0.470 sen and 60 sen
My trade plan
I bought some time ago, will jump in more on tomorrow
TP : refer to the Kakao Group
SL : refer to the Kakao Group
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