Current price:RM0.60
Entry zone:RM0.595–0.615 (accumulate at current level)
Add position:RM0.63 on confirmed breakout with volume
Target 1:RM0.65 (immediate resistance — +8%)
Target 2:RM0.76 (analyst consensus target — +26%)
Target 3:RM0.85–0.90 (infrastructure super cycle re-rating — +42–50%)
Stop loss:RM0.555 (below RM0.565 key support — -7.5%)
Risk/Reward~1:3.5Timeframe4–8 weeks swing trade
⚡ Key Adjustments vs Previous Plan
Strong momentum confirmation. At RM0.60, ANNJOO has already broken above the earlier resistance zones of RM0.565 and RM0.595 — those levels now flip to support. The stock has re-rated from RM0.44 to RM0.60 — a 36% move — suggesting institutional buying is already in play, likely front-running the Penang LRT contract and infrastructure newsflow.
Don't chase the spike — at RM0.60, the stock has already made a significant run. Wait for either a shallow pullback to RM0.595 or a confirmed breakout above RM0.63 before adding new positions.
Stop loss adjusted upward — set at RM0.555, just below the RM0.565 former resistance-turned-support. A close below this level on volume signals the breakout has failed.
📌 Tactical Notes
Scale in carefully — buy first tranche at RM0.595–0.610, second tranche only on RM0.63 breakout
Volume is key — any breakout above RM0.63 must be accompanied by above-average volume to be valid; low-volume breakouts tend to fail
Penang LRT catalyst — any Bursa announcement linking ANNJOO to the Penang LRT steel supply contract would be an immediate re-rating event. Set a Bursa alert now
Steel price tracker — monitor China HRB400 rebar prices daily. ANNJOO's margins move directly with regional steel prices
Book partial profits at RM0.65 — sell 30% of position at Target 1, hold the rest for RM0.76 and beyond
Post-results play — next quarterly results release is a key binary event. If losses narrow significantly or a return to profit is announced, expect a gap-up
📊 Revised Risk/Reward Summary
Stop loss hitRM0.555-7.5%
Target 1 (near-term)RM0.65+8.3%
Target 2 (analyst target)RM0.76+26.7%
Target 3 (infrastructure re-rating)RM0.85–0.90+41–50%
Bull case (contract wins + profitability)RM1.00++66%+
🔑 Key Catalysts to Watch
Penang LRT steel contract win🔺Strong immediate re-rating
Q3 2025 loss narrowing🔺 Positive earnings momentum
Government local steel mandate🔺 Structural demand floor
China rebar price surge🔺 Margin recovery
Power tariff increase🔻 Key downside risk
Chinese steel dumping escalation🔻 Margin compression
Entry zone:RM0.595–0.615 (accumulate at current level)
Add position:RM0.63 on confirmed breakout with volume
Target 1:RM0.65 (immediate resistance — +8%)
Target 2:RM0.76 (analyst consensus target — +26%)
Target 3:RM0.85–0.90 (infrastructure super cycle re-rating — +42–50%)
Stop loss:RM0.555 (below RM0.565 key support — -7.5%)
Risk/Reward~1:3.5Timeframe4–8 weeks swing trade
⚡ Key Adjustments vs Previous Plan
Strong momentum confirmation. At RM0.60, ANNJOO has already broken above the earlier resistance zones of RM0.565 and RM0.595 — those levels now flip to support. The stock has re-rated from RM0.44 to RM0.60 — a 36% move — suggesting institutional buying is already in play, likely front-running the Penang LRT contract and infrastructure newsflow.
Don't chase the spike — at RM0.60, the stock has already made a significant run. Wait for either a shallow pullback to RM0.595 or a confirmed breakout above RM0.63 before adding new positions.
Stop loss adjusted upward — set at RM0.555, just below the RM0.565 former resistance-turned-support. A close below this level on volume signals the breakout has failed.
📌 Tactical Notes
Scale in carefully — buy first tranche at RM0.595–0.610, second tranche only on RM0.63 breakout
Volume is key — any breakout above RM0.63 must be accompanied by above-average volume to be valid; low-volume breakouts tend to fail
Penang LRT catalyst — any Bursa announcement linking ANNJOO to the Penang LRT steel supply contract would be an immediate re-rating event. Set a Bursa alert now
Steel price tracker — monitor China HRB400 rebar prices daily. ANNJOO's margins move directly with regional steel prices
Book partial profits at RM0.65 — sell 30% of position at Target 1, hold the rest for RM0.76 and beyond
Post-results play — next quarterly results release is a key binary event. If losses narrow significantly or a return to profit is announced, expect a gap-up
📊 Revised Risk/Reward Summary
Stop loss hitRM0.555-7.5%
Target 1 (near-term)RM0.65+8.3%
Target 2 (analyst target)RM0.76+26.7%
Target 3 (infrastructure re-rating)RM0.85–0.90+41–50%
Bull case (contract wins + profitability)RM1.00++66%+
🔑 Key Catalysts to Watch
Penang LRT steel contract win🔺Strong immediate re-rating
Q3 2025 loss narrowing🔺 Positive earnings momentum
Government local steel mandate🔺 Structural demand floor
China rebar price surge🔺 Margin recovery
Power tariff increase🔻 Key downside risk
Chinese steel dumping escalation🔻 Margin compression
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.