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Trying my luck for Powerwell, looking at the QR trend, profit margin seems improving. But the actual QR for Dec'22 still pending for release. Commentaries from management signals better performance compared to the year of 2021.
Long term support seen at 0.180 for the counter, price broke up from the downward trend line from technical point of view. Best case scenario is if profit margin can remains positive and move above 3.6% seen for Sep'22 in this coming QR release. Chip in a small portion at 0.210 and let's see the upcoming QR if it worth me to invest more.
Welcome all to discuss below! If you like my post, do follow me here, it gave me motivation to continue writing and sharing my ideas at here. Note that this is not buy/sell recommendation, you should do your own research, form your own view for any buy/sell action in the market. Thank you.
