BURSAMASTER SCANNER has detected the following potential counters with possible uptrend potentials :-
1. MFLOUR....being involved in poultry. ..expect it to trend upwards due to current euphoria on the coming new listing of LEONG HUP and better chicken price on the run up of the coming festive season.
Strong support at 0.725 with resistances pegged at 0.785 & 0.83.
Can also look at other chicken counters like CAB; CCK; TEOSENG BUT my choice is MFLOUR due to good management practice.
2. EDARAN has retraced from its recent highs of 0.58 & 0.85.
An unnoticed company trading at a P.E. of only 4.46 ; EPS of 11.66 with NTA of 0.522.
Monitor closely for breakout of 0.58. Once broken we should see a much higher levels
3. UNIMECH...many investors / punters has overlooked this gem which has been creeping up slowly. Most importantly it should conclusively breached 1.18 which is its 52-week high .
It should be a beneficiary of a weakening ringgit being export orientated and a beneficiary to the O&G current rally.
4. MCT...Monitor for breakout of recent high of 0.525. Also a BOTTOM FISHING opportunity since it is trading close to its 52-week low of 0.45.
5. ATURMAJU....many might say that game over for this counter after a huge rally yesterday but heavy buying at 0.53 near close of trading might suggest something. BUT due caution need to be exercised as the risk is higher now.
HAPPY TRADING
BURSAMASTER
https://klse.i3investor.com/blogs/Bursa_Master/204681.jsp
