sothye

PRLEXUS-WA - owes a pullback?

Long
MYX:PRLEXUS-WA   None
Just like any other glove stocks, this stock had a good rally in past few days. We believe the stock will continue upside momentum for a while, probably gap up, before continue with a pullback towards area of value around 0.390 (Fibo 38.2%).

Best is to wait to buy on dips in the area of value during pullback.

Sentimen: Covid cases all time high, uncontrolled situation, and possible MCO (Mandatory Control Order) in coming weeks

TAYOR

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