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This stock currently on uptrend. There is a support at RM0.245 level.
Execution plan (Long term, no TP or CL since it is long term):
Entry: RM0.265
The company is doing retail sales, but from report, they are expanding on online sales. I take this as a good move of the company to transform/improve its business. They focus on baby and maternity products, which to me is very strategic since we might be seeing higher natality rate following the MCOs. I would expect the impact to become more obvious in the longer term, in the shorter term, the Malaysia market is dominated by political instability, but even the developed countries also face the same, we see Brexit, we see Trump to Biden.
@Muhd Azmi - Thank you so much. Do anticipate some fluctuations due to political situations in Malaysia, capital management is important especially on timing like now.
Since my entry 2 months ago at RM0.265, lowest it ever visit is RM0.255. Highest is RM0.330.
This is a -3.77% downside and a +24.53% upside if anyone ever realised at that highest price. Worth risking my money!
