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MKH (6114) - MKH Rounding Bottom Broke Out Plus Lots Of Bullish Movements In The Market

MKH (6114): Bullish

Pattern: Rounding Bottom Breakout

There are a lot of bullish movements going on in the market since Jan 2017 such as JHM, SENDAI, SIME, MIECO, HIBISCSC, AWC, ARANK, PENTA, etc...A few of them might have reached the initial target price but the majority are still in the incipient phase of the bullish movement, suitable for scale in or second chance entry.
Do monitor your stocks for entry trigger or scale in and have proper trade management for each stock.
Alright, enough for the recap and let's start with MKH weekly chart first.
MKH Weekly Chart
As seen above, MKH just broke out from the rounding bottom last week and it is on its way to test the 4.0 resistance, which is also its first target price, as indicated on the daily chart below based on the projection of the rounding bottom pattern.
MKH Daily Rounding Bottom Chart
If you are looking for some leverage, MKH has a warrant WB (expire in Dec 2017) for your consideration, with an exercise price of 1.89, which is deep in the money. Hence there is a slight discount. Its gearing is 2.5, which is pretty decent for trading purpose.
Should MKH hit 4.0, MKH-WB should become 2.1, which is another 65% upside.
I am bullish on MKH when the neckline is holding up.

Leave me a comment below and let me know what you think. If you have any queries or want to share the next big stock with me, feel free to contact me via my email or FB page below.

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Cheers,
Ming Jong
Contact Via Email ==>  


MKH (6114) - MKH Rounding Bottom Broke Out Plus Lots Of Bullish Movements In The Market
http://klse.i3investor.com/blogs/candlestick/115185.jsp
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