PublicInvest Research

Author: PublicInvest   |   Latest post: Fri, 13 Oct 2017, 09:34 AM


Trading Ideas - KEYASIC (0143)

Author:   |    Publish date:

  • Target Price: RM0.185, RM0.200
  • Last closing price: RM0.165
  • Potential return: 12.1%, 21.2%
  • Support: RM0.145
  • Stop Loss: RM0.135

Possible for further upside. Attempting to break out of side-way movement with relatively high volume, KEYASIC’s share price is poised for further upward movement. Bullish RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in near term. Should resistance level of RM0.170 be genuinely broken, it may continue to lift price higher to the subsequent resistance levels of RM0.185 and RM0.200.

However, failure to hold on to support level of RM0.145 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 11 Oct 2017

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