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
- Firmer Brent oil prices above USD38 (refer to figure 1 below)
- Ongoing NFCP/ 5G implementation
- Large Scale Solar (1000MW bidding period started since 31st May 2020 )
Hence with the above mentioned trading themes, we present you with the M+ Wiz list for this week.
- Telco (ongoing NFCP/ 5G implementation)
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 !