Naked Chart Trading: HEGROUP 8 May 2024
$HEGROUP(0296.MY$ Another potential beneficial of Johor data centre development? Its share prices just hit more than 10% higher today, which is its all time high since its debut back in Jan 2024.
Electrical engineering service provider HE Group seeks to strengthen its regional presence via the establishment of two new offices in Kulim, Kedah, and Johor Bahru, aiming to attract and service customers from the data centre sector.
Since it is a newly listed stock, I can zoom into shorter time frame and take study its short term trend. Its price trend had been in a sideway since Mar 2024, and just broke out from sideway now. Sustain above RM0.510 level to trigger more upside.
From Fibo extension level which I drawed from first day listing low to its first bull wave top on Feb 2024, the share prices are currently testing 138.2% RM0.580 level, followed by next resistance 150% RM0.600, 161.8% RM0.630 and 200% RM0.700.
Disclaimer
This content is for reference only and does not constitute any investment advice, and past performance is not indicative of future performance. Returns will vary, and all investments carry risks, including loss of principal. Please make your own investment decisions.
This content is for reference only and does not constitute any investment advice, and past performance is not indicative of future performance. Returns will vary, and all investments carry risks, including loss of principal. Please make your own investment decisions.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
Read more
Comment
Sign in to post a comment
Moomoo Malaysia Head of Dealing
Trading is a mirror that reflects everything about myself
交易就是一面反映自身一切的镜子
1913Followers
48Following
2817Visitors
Follow