Stock for Investment – SOLID (5242) & SOLID-WA (5242WA)

Technical Analysis

From the technical point of view and the price action, SOLID is currently under accumulation stage. The accumulation zone is currently at RM1.30- RM1.39. High chance of bottoming at current zone and collecting here has very limited downside.

SOLID-WA is still at the fresh stage after the issued date. Ongoing accumulation can be seen in this company warrant.

Personal Investment Strategy

SOLID  (15% of Total Portfolio)

We will be collecting at a few price zone :
First Zone : RM1.30 to RM1.39  (Capital Allocation : 30%)
Second Zone : RM1.20 to RM1.30 (Capital Allocation : 40%)
Third Zone : RM1.10 to RM1.20 (Capital Allocation : 30%)

Our target for this investment is RM2.00 for long term (1 year)

SOLID-WA (20% of Total Portfolio)

We will be collecting at a few price zone :
First Zone : RM0.80 to RM0.85 (Capital Allocation : 30%)
Second Zone : RM0.75 – RM0.70 (Capital Allocation : 40%)
Third Zone : RM0.68 – RM0.75  (Capital Allocation : 30%)

Our target for this investment is RM1.20 for long term (1 year)

Please apply investment strategy that suits you. Identify either you are trader or investor before putting your hard earned money in the financial market.

Disclaimer:
Any investment decisions carried out based on information, analysis, or commentary provided here is solely your responsibility. You should consult your investment advisor before making any investment decisions.