Selling Pressure On Oil & Gas Stocks
Wall Street ended lower on rising recession fears. The DJIA dived 1.62% to close at 29,590.41. S&P500 and Nasdaq tumbled 1.72% and 1.80% to end at 3,693.23 and 10,867.93 respectively.
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P.I.E. Industrial To See A More Robust Second Half
Revenue was higher at RM563.3m (+13.0%yoy) thanks to the orders from its 2 newly acquired customers – Customer R (consumer robotics products) and Customer A (cryptocurrency mining equipment).
This is why Mudajaya Group is a trading buy!
Mudajaya Group Bhd (5085) rose 3 sen to 20.5 sen yesterday to breach the downtrend line and the 200-day moving average.
The stock has been declining from a high of 34 sen in January 2021.
Technical indicators are encouraging as the RSI (reading at 63) is pointing towards the