UPDATED ON 21ST JULY 2020
On 20th July, the upward movement has started (as per the green candle on the graph).
As reported by the NST on 14th May 2020, CAELY embarked on producing facial masks in response to the growing number of COVID 19 cases. This will definitely be reflected in Q1 2021 earnings.
Demands for facial mask are growing steadily. Should the Government decide to impose on wearing of public masks in the public area as highlighted by the Prime Minister, then all masks suppliers will be positively affected.
The target is to break the RM 0.40 resistance level as TP1 and eventually to test TP2 at RM 0.50.
Please view the earlier posting here
Disclaimer : The above opinion is never intended to be a BUY CALL whatsoever. I am sharing my observations ONLY based on fundamental; past history; current trading pattern; charts etc. Please make your own informed decision before buying this share or whatever share for that matter.