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Fundamental Analysis
Layhong is under poultry sector in Malaysia. Malaysia currently under MCO 2.0 lockdown, and potentially an extension of lockdown.
Festivals seasons for Poultry Sector like Layhong consider as Peak Seasons.
With MCO 2.0 lockdown in Malaysia, Restaurants & Business cannot operate as usual.
It will impact Layhong Fundamentals Business Performance for the upcoming 2-3 quarters.
Therefore, fundamentally, the prospect of the sector will not be great!
Technical Analysis
Personally, what I learnt is there must be a Technical Analysis Strategic Plan in order to increase the risk-to-ratios favourable risks.
1. Draw Support & Resistance
2. Identify the stages (Accumulation, Advancing, Distribution, Declining)
3. Entry Triggers
4. Stop Loss
5. Exits
Good Favourable Risks-to-Reward for myself on Layhong will be around Major Support 0.285 area. Will Monitor and return to Layhong if reach this Major Support Area.
I have learnt during my past mistakes that we should let the stock price comes to us, rather than us chasing the stock prices!
Fundamental Analysis
Layhong is under poultry sector in Malaysia. Malaysia currently under MCO 2.0 lockdown, and potentially an extension of lockdown.
Festivals seasons for Poultry Sector like Layhong consider as Peak Seasons.
With MCO 2.0 lockdown in Malaysia, Restaurants & Business cannot operate as usual.
It will impact Layhong Fundamentals Business Performance for the upcoming 2-3 quarters.
Therefore, fundamentally, the prospect of the sector will not be great!
Technical Analysis
Personally, what I learnt is there must be a Technical Analysis Strategic Plan in order to increase the risk-to-ratios favourable risks.
1. Draw Support & Resistance
2. Identify the stages (Accumulation, Advancing, Distribution, Declining)
3. Entry Triggers
4. Stop Loss
5. Exits
Good Favourable Risks-to-Reward for myself on Layhong will be around Major Support 0.285 area. Will Monitor and return to Layhong if reach this Major Support Area.
I have learnt during my past mistakes that we should let the stock price comes to us, rather than us chasing the stock prices!