GoldenTurtle

Intact uptrend momentum- NADIBHD

Long
MYX:NADIBHD   GAGASAN NADI CERGAS BERHAD
We experienced a really weak market sentiment last week. However, we always notice some super-stars stock during bad market sentiment.
NADIBHD is definitely worth monitoring for several reasons.
NADIBHD experienced year long downtrend and make a solid bottom during march2020.
Strong collection at price between RM0.28~RM0.33 since Jan 2021. Full year collection might indicate strong uptrend rally soon.

Technical point of view: Just break out from cup and handle neckline with strong volume support. Smart money flowing in.
Fundamental point of view: Price below NTA. Although revenue affected by pandemic, overall profitability still outperformed its peer.
Catalyst: Contracts from Kwasa development and PNB Merdeka.

Entry:RM0.35~0.355
Cut-loss:RM0.32
Exit:RM0.40

Disclaimer: Abovementioned informations are all personal opinion, take your own risk and do enough homework when investing your hard-earned money.
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