TECFAST 0084: MONDAY LIMIT UP STOCK (09 NOVEMBER)
1. On 20/10/2020, TECFAST appointed a new Independent Director, MR ANG SEE MING.
MR Ang SEE MING is also currently a Executive Director in THONG GUAN INDUSTRIES (TGI)
IN 2018, MR ANG SEE MING was appointed by DNOUNCE as INDEPENDENT DIRECTOR and the Share Price went from a low of RM0.32 to a high of RM0.74, a whooping 131%
2. On 3 November, TECFAST made another Announcement to incorporate FAST ENERGY SDN BHD.
3. On 6 November, TECFAST proudly presents that they have successfully signed the Letter of Intent (LOI) of a WHOOPING RM1.13Billion Contract.
announcement link: https://malaysiastock.biz/Company-Announcement.aspx?id=1272153
Those are the News Analysis for TECFAST 0084.
4. We look at the Technical Analysis:
After sleeping since MAY2020, Tecfsat has been on a side ways for almost half a year. Now TECFAST BROKE OUT from the SIDEWAYS, and has formed higher highs, higher lows, indicating that TECFAST is on a UPTREND.
Support is found to be at RM0.59, as it was heavy traded (accumulation) for LIMIT UP WAVE
TECFAST was originally a Fundamentally Sound Company. Now with NEWS Analaysis and profound Technical Analysis of Uptrending,
WE are in the view that TECHFAST 0084 Has a possibility to GAP UP then LIMIT UP.
Current Price: 0.615
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