Breakout Stocks of Week 17
NASDAQ was down last week (week 16) by -2.63% ending at 13,351.08 points after falling -359.92 points during the week. Our system has detected some possible breakout stocks for the following week and these should be on your watchlist. These are the stocks that are bouncing up with good increase in volume and are likely to do good in short term. One of these stocks are Saray Matbaacilik Kagitçilik kirtasiyecilik Ticaret Ve Sanayi A.S. BIST:SAMAT. This stock has had a buy signal since Jan 20, 2022 when the price was TRY 4.47 and is so far up 62.19% to TRY 7.25. Some other companies are on our watchlist to, among these are Mirae Asset TIGER Physical Copper ETF KSE:160580 Zoneco Group Co Ltd SZCE:002069 Çimsa Çimento Sanayi ve Ticaret Anonim Sirketi BIST:CIMSA and Wuhu Conch Profiles and Science Co., Ltd SZCE:000619 which all got a breakout pattern emerging.
| Date | Company | Price | Week 17 |
|---|---|---|---|
| Saray Matbaacilik Kagitçilik Kirtasiyecilik Ticare... | TRY 7.25 | TRY 7.57 | 4.41% |
| Mirae Asset Tiger Physical Copper Etf | ₩11,520.00 | ₩11,645.00 | 1.09% |
| Zoneco Group Co Ltd | ¥4.06 | ¥3.93 | -3.20% |
| Çimsa Çimento Sanayi Ve Ticaret Anonim Sirketi | TRY 5.18 | TRY 4.88 | -5.79% |
| Wuhu Conch Profiles And Science Co., Ltd | ¥6.02 | ¥5.77 | -4.15% |
Saray Matbaacilik Kagitçilik kirtasiyecilik Ticaret Ve Sanayi A.S.
BIST:SAMATThe Saray Matbaacilik Kagitçilik stock price gained 0.83% on the last trading day (Friday, 15th Apr 2022), rising from TRY 7.19 to TRY 7.25. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.96% from a day low at TRY 7.16 to a day high of TRY 7.30. The price has risen in 8 of the last 10 days and is up by 4.17% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 933 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately TRY 14.40 million.
Saray Matbaacilik Kagitçilik holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
About Saray Matbaacilik Kagitçilik kirtasiyecilik Ticaret Ve Sanayi A.S.:
Saray Matbaacilik Kagitçilik kirtasiyecilik Ticaret Ve Sanayi A.S. produces and sells stationery products in Turkey. The company offers papers, including woodfree offset printing, coated, photocopy, and book papers, as well as paper sheeting services; exercise books, such as PP cover, wire-o-spiral, single spiral, soft cover, spiral binding, stapled binding, glued binding, and hard cover notebooks; and calendars. It also provides a range of services comprising printing preparation, pre-printing, after printing, and post-printing services; and sheet-fed offset, Web offset, and continuous form printing systems. The company offers its products and services under the Yildiz Yayincilik, Vizyon, Papicat, and SRY,BIL brands. It exports its products to England, Sweden, Hungary, Greece, and Israel. The company was founded in 1982 and is based in Ankara, Turkey.
The Mirae Asset TIGER Physical Copper ETF stock price gained 0.0869% on the last trading day (Friday, 15th Apr 2022), rising from ₩11,510.00 to ₩11,520.00. During the last trading day the stock fluctuated 0.87% from a day low at ₩11,495.00 to a day high of ₩11,595.00. The price has been going up and down for this period, and there has been a 1.72% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 8 thousand more shares were traded than the day before. In total, 12 thousand shares were bought and sold for approximately ₩139.81 million.
Mirae Asset TIGER Physical Copper ETF holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
The Zoneco Group Co Ltd stock price fell by -2.17% on the last day (Friday, 15th Apr 2022) from ¥4.15 to ¥4.06. During the last trading day the stock fluctuated 6.45% from a day low at ¥4.03 to a day high of ¥4.29. The price has fallen in 7 of the last 10 days and is down by -14.88% for this period. Volume has increased on the last day by 2 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 30 million shares were bought and sold for approximately ¥123.41 million.
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Zoneco Group Co Ltd stock to perform well in the short-term.
About Zoneco Group Co Ltd:
Zoneco Group Co., Ltd. engages in breeding, harvesting, processing, and trading of seafood in China and internationally. The company's products include scallops, oysters, abalones, Boston lobsters, sea snails, sea cucumbers, crabs, shrimps, shrimp meat, garlic scallops with vermicelli, breaded squid rings, black pepper salmon, and breaded cod stecks, as well as flavored whole scallops and salmon paste, and peeled shrimps. It also offers third party cold chain logistics services, including international refrigerated cargo transit, international cargo agency, refrigerated cargo storage, refrigerated cargo city distribution, and trunk transportation. The company was founded in 1958 and is based in Dalian, China.
The Çimsa Çimento Sanayi ve Ticaret Anonim stock price gained 2.98% on the last trading day (Friday, 15th Apr 2022), rising from TRY 5.03 to TRY 5.18. During the last trading day the stock fluctuated 2.98% from a day low at TRY 5.04 to a day high of TRY 5.19. The price has risen in 6 of the last 10 days and is up by 6.37% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 million more shares were traded than the day before. In total, 18 million shares were bought and sold for approximately TRY 89.62 million.
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
About Çimsa Çimento Sanayi ve Ticaret Anonim Sirketi:
Çimsa Çimento Sanayi ve Ticaret A.S. produces and sells cement, clinker, and ready-mix concrete in Turkey. The company's products include grey, white, and calcium aluminate cement. It also exports cement. The company was founded in 1972 and is headquartered in Istanbul, Turkey. Çimsa Çimento Sanayi ve Ticaret A.S. operates as a subsidiary of Haci Ömer Sabanci Holding A.S.
The Wuhu Conch Profiles and Science Co., Ltd stock price fell by -3.06% on the last day (Friday, 15th Apr 2022) from ¥6.21 to ¥6.02. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 4.04% from a day low at ¥5.94 to a day high of ¥6.18. The price has been going up and down for this period, and there has been a 2.91% gain for the last 2 weeks. Volume has increased on the last day by 10 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 15 million shares were bought and sold for approximately ¥90.71 million.
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Wuhu Conch Profiles and Science Co., Ltd stock to perform well in the short-term.
About Wuhu Conch Profiles and Science Co., Ltd:
Conch (Anhui) Energy Saving and Environment Protection New Material Co., Ltd. manufactures and sells chemical and building materials in China. It provides metal material, building decoration materials, lightweight building materials, chemical product, plastic steel and aluminum alloy profiles, solar photovoltaic supporting materials, precision molds, doors and windows, and ecological panels. The company was formerly known as Wuhu Conch Profiles and Science Co.,Ltd. and changed its name to Conch (Anhui) Energy Saving and Environment Protection New Material Co., Ltd. in April 2022. The company was founded in 1996 and is based in Wuhu, China.
Despite these candidates are looking good from a technical perspective they may not perform as expected. You should always be cautious when trading and base your decisions on more than one source of information. This does not constitute an offer or recommendation to buy or sell securities.
