Price has broken above a double bottom back in Jan 2021, and price has throwback to the BO line with decreasing volume, culminating with a false breakdown. MFLOUR is currently at the BO retracement price level indicating a good value for potential upside. Although this double bottom BO with strong price and volume, however the BO came amid long and slow build up - not aggressive. Think back, MFLOUR had been in talk with Tyson which explains the slow and steady accumulation.
MFLOUR is on track to hit the MYR1.25 projection. News was out, traders reacted, and now is the time for disposal payment and synergy to work the way up. At the current price of MYR0.785, this represents a potential upside of 59%.
Issue - The question is not would MFLOUR hit MYR1.25, the question is when. Will it takes longer than your patience?
Mindful that this disposal payment is dependent on performance, hence it is crucial for MFLOUR to perform well. This motivation should answer the question of time.
Be careful of overhead speed bumps on its way up.
MFLOUR is on track to hit the MYR1.25 projection. News was out, traders reacted, and now is the time for disposal payment and synergy to work the way up. At the current price of MYR0.785, this represents a potential upside of 59%.
Issue - The question is not would MFLOUR hit MYR1.25, the question is when. Will it takes longer than your patience?
Mindful that this disposal payment is dependent on performance, hence it is crucial for MFLOUR to perform well. This motivation should answer the question of time.
Be careful of overhead speed bumps on its way up.