MESTRON Potential for Long Swing

MESTRON potential cup and handle formation break out. Recent immediate down trendline break with volume. Current price at 0.215 surfing downtrend line. Breakout from 0.230 indicates bullish momentum. MESTRON has a good business model with profitable YoY profits. Recently announced QR profit RM3.1 mil with dividen RM0.0015/share

Good prospect in Construction, Solar, 5G as they provide solutions through their specialty poles. Could potential benefit from upcoming construction projects, National Digital Policy and Renewable Energy.

Mid TP: RM0.365
Long: RM0.600

Yorum:

Mid TP achieved at RM0.365

Yorum:

Arrived at 0.425