Should be able to rally for the remaining of year 2020?
Mis à jour
Quite strong FA although no longer undervalued, but I managed to get in at a low EP of RM1.05 per share. TA is extremely positive due to the surge in glove demand and the rise of Malaysian traders (both new and hold) trying to take advantage of the situation.
As it is expected that a vaccine for COVID-19 will take 12-18 months to develop, I take an assumption that the pandemic situation should end no earlier than March 2021.
Based on the above, I consider to take profit in batches every month from now until December 2020 (just to be on the conservative side). Leave a small batch (perhaps 10% of initial shareholding) for the price rally til the end of the pandemic.
As it is expected that a vaccine for COVID-19 will take 12-18 months to develop, I take an assumption that the pandemic situation should end no earlier than March 2021.
Based on the above, I consider to take profit in batches every month from now until December 2020 (just to be on the conservative side). Leave a small batch (perhaps 10% of initial shareholding) for the price rally til the end of the pandemic.
Transaction en cours
Sold about 25% shareholding in April @ RM1.52, then sold another 25% shareholding today @ RM2.05.Remaining 50% shareholding to continue rallying.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.