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We have noticed some selling pressure on gloves stocks and investors/ traders will be asking "What's next?".

We have noticed some selling pressure on gloves stocks and investors/ traders will be asking “What’s next?”.

Hence, we are here to provide you with a list of trading ideas. They are backed by decent thematic storylines and potential forming a recovering/ uptrend intact pattern over the near term. Most importantly, we have seen a fair amount of trading interest within these stocks.

Some trading catalysts that persisted in the market so far would be

  1. Firmer Brent oil prices above USD38 (refer to figure 1 below)
  2. Ongoing NFCP/ 5G implementation
  3. Large Scale Solar (1000MW bidding period started since 31st May 2020 )
Figure 1: MACD Indicator has turned positive with the price breakout above a sideways formation last week. Potential target will be at USD45-50.


Hence with the above mentioned trading themes, we present you with the M+ Wiz list for this week.

  1. O&G
    • CARIMIN
    • ARMADA
    • COASTAL
    • DAYANG
    • DELEUM
    • HIBISCS
    • MHB
    • PENERGY
    • UZMA
    • SERBADK
  2. Telco (ongoing NFCP/ 5G implementation)
    • BINACOM
    • OCK
  3. Solar
    • CYPARK
    • TEXCYCL
  4. Others
    • HPMT
    • JOHOTIN
    • RGTECH
    • FPGROUP
    • AHEALTH
    • BPPLAS
    • SCIB

Do note that all the above stocks are screened based on technical analysis viewpoints and trading span for the stocks should be within 5-10 trading days as we believe trading interest amongst sectors will be rotating frequently. Enjoy your trading !

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