Thursday, February 16, 2017

Another MULTI-BAGGER STOCK in the MAKING?

Moya Asia stock
The Singapore stocks market is currently rife with penny stocks plays. Some investors view penny stocks play, especially those with no good fundamentals as risky. There is definitely truth in the above. However, there is no denying that certain penny stocks in the Singapore stocks markets have become multi-baggers quietly while the Singapore stocks markets benchmark STI respond up and down with the macro environment.
In yesterday’s post, I have mentioned a penny stock called Singapore Edevelopment stock which has to date become a five-bagger. Today, let us train the spotlight on a stock called Moya Holdings Asia Limited as the stock made one of the top volumes stocks yesterday. From a 52-weeks low of $0.031 to yesterday’s close of $0.075, this stock has become a more than two-bagger. Looking at the technical charts of Moya Holdings stock, this stock has an uptrend commencing August 2016 and since then trading volumes have improved characterized by peak volume and rallying price upsides on some trading days. In my opinion, this stock has the potential to go up more like how Alliance Minerals went from below 10 cents a share to its current price.

Please note that the above is not a stock recommendation. The write-up on penny stocks is to provide a more balanced perspective on Singapore stocks markets, covering large-caps, mid-caps to small-caps and penny stocks. Join the emailing list to receive regular Financial and Singapore stocks newsletters too! Like" me on Singapore Stocks Investing Facebook page to receive all posts on your Facebook as well as read more articles. Follow me on Twitter too.

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