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PublicInvest Research

Author: PublicInvest   |   Latest post: Wed, 24 Apr 2019, 9:46 AM

 

Technical Buy - DNONCE (7114)

Author:   |    Publish date:


  • Target Price: RM0.380, RM0.400
  • Last closing price: RM0.340
  • Potential return: 11.7%, 17.6%
  • Support: RM0.325
  • Stop Loss: RM0.310

Possible upside. DNONCE’s price is breaking out of sideways movement. Improving 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 RM0.365 be broken, it may continue to lift price higher to subsequent resistance levels of RM0.380 and RM0.400.

However, failure to hold on to support level of RM0.325 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 18 May 2018

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Labels: DNONCE

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Chart Stock Name Last Change Volume 
DNONCE 0.44 0.00 (0.00%) 119,000 

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