Will Melewar Break Out Following its Sector Trend?
Melewar looks like ready to follow metal sector to go higher. QR expected to be announced around this coming 27th or 28th of Feb 2021.
Previous QR was showing good improvement as below,
Q3 20 = -2.7million, -1.9% of revenue
Q4 20 = 3.4million, +3.37% of revenue
Q1 21 = 7.4million, +4.7% of revenue
If the QR keep improving, it will easily break the triangle pattern.
Other stock related sector to see,
LIONIND, MASTEEL
Previous QR was showing good improvement as below,
Q3 20 = -2.7million, -1.9% of revenue
Q4 20 = 3.4million, +3.37% of revenue
Q1 21 = 7.4million, +4.7% of revenue
If the QR keep improving, it will easily break the triangle pattern.
Other stock related sector to see,
LIONIND, MASTEEL