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TECFAST 0084: MONDAY LIMIT UP STOCK (09 NOVEMBER)

Sipekhuat

TECFAST 0084:

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

5. CONCLUSION:

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. 

TECFAST 0084

Current Price: 0.615

Support: 0.59-0.57

DISCLAIMER:  Postings here are for sharing/ educational purposes only. Each individual are responsible for your own decision/ investment

https://klse.i3investor.com/blogs/THP/2020-11-09-story-h1535690144-TECFAST_0084_MONDAY_LIMIT_UP_STOCK_09_NOVEMBER.jsp

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