INIX 0094 – THE BLACK HORSE of VACCINE THEME
INIX 0094 was in talks with COVID19 Vaccine Developers in SEPTERMBER which made its share price surged crazily, however at that time nothing was materialized yet, in which everything will be finalized in a few weeks. - https://www.theedgemarkets.com/article/inix-early-talks-covid19-vaccine-developers
Lets look at other potential VACCINE stocks such as Solutn; HWGB
1. SOLUTN – is already at its resistance and most likely will breakout from its resistance to uncharted areas, however how how can it fly ? Would you want to risk something you do not know or you know ?
on 18/11/2020, SOLUTN share price surged 17%. (due to Vaccine Theme)
2. HWGB – HWGB is also near its resistance, and has only 10% more to its resistance. Upside is limited.
NOW, LET US LOOK AT INIX 0094:
INIX 0094 from its high (after LIMIT UP 2 days) of RM 0.90 has fallen 78.44% due to the market hype during AUGUST.
NOW it is already NOVEMBER, ALMOST DECEMBER, and a lot of positive VACCINE NEWS is out, as the light end of the tunnel can be seen !
INIX 0094 resistance is at RM0.505, and at a its current price of RM0.285, there is a potential capital gain of 73%.
Some additional positive news for INIX 0094 as Malaysia will be taking VACCINE from CHINA because of different production method, and only required to be kept at 2 to 4 degrees celcius. INIX 0094 will potentially benefit the most from this.
ALSO HAVE A LOOK:
Based on the above, We strongly believe that INIX 0094 is a good punt, and will be the BLACK HORSE in the race of VACCINEs in MALAYSIA.
Current Price : RM0.285
Support : RM0.270
What will you do ?
DISCLAIMER: This post serves for educational purposes. Investors should carry our their own respective due deligence before any decision made. The author of this post is not liable for any decisions made by any individual.