taufan_ganas

Edaran: Fundamental and Technical Analysis (20 Sep 21)

taufan_ganas Updated   
MYX:EDARAN   EDARAN BHD
Current price: 0.935

- Quick fundamental reviews (2 last quarters)
o Revenue : Positive and increasing - 100 %
o Net Profit : Positive and increasing - 100 %
o ROE : Positive and increasing - 100 %
o Overall Fundamental Score : 100%

- Quick technical reviews
o Trend : Uptrend above SMA 20, 50 & 200 - 100%
o Pattern : Clear continuation pattern - 100%
o Support : Close to support (S1) at 0.920 – 100%
o Resistance : Testing upper trend line (R1) – 50%
o Overall Technical Score : 87.5%

- Observation: Price is pending breakout upper trend line (R1)
- Opinion: It's still uncertain to place position since strong resistance at R1. Price has to penetrate R1 with significant volume for a valid breakout
Comment:
Pattern failed
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