Forecast for a small bounce.
Updated
MHB is the one leading company that involved in large sum of development in constructions. The pandemic was not really harm their managed cash flows, as the construction has been locked in deposit before proceeding.
The marine works is always will be the main source of economy demand in many countries. It will not only focused in one country to deal with this company (MHB). It's open to all country that willing to have a standard ISO engineering construction, and with reasonable price. ( Based from my oil&gas working experience.)
Back to market analysis, the trend seems not much in plunge. Perhaps the market will penetrate the weekly resistance, then the price will looking for new direction. I'm in long position with a minimal target profit.
The marine works is always will be the main source of economy demand in many countries. It will not only focused in one country to deal with this company (MHB). It's open to all country that willing to have a standard ISO engineering construction, and with reasonable price. ( Based from my oil&gas working experience.)
Back to market analysis, the trend seems not much in plunge. Perhaps the market will penetrate the weekly resistance, then the price will looking for new direction. I'm in long position with a minimal target profit.
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