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Master Tec recently entered into two strategic memoranda of understanding to drive future growth. These developments, coupled with ongoing efforts in export market growth, product innovation, and sustainability initiatives, position the group well to capture future opportunities and deliver long-term shareholder value
After hitting its 52-week high back in October 2024, the stock has been sliding in a persistent downtrend. Just last week, it attempted to break above this trendline, but the push wasn't strong enough, and shows a pulled back. However, things turned interesting last Friday, where it closed with a hammer candlestick, often a sign of reversal, alongside a move above both the 20- and 50-day EMAs. What makes it more compelling is the surge in buying volume, the highest recorded since November 2024.
