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PublicInvest Research

Author: PublicInvest   |   Latest post: Fri, 6 Dec 2019, 9:18 AM

 

Technical Buy - BPURI (5932)

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Target Price RM0.225, RM0.240

Last closing price RM0.200

Potential return 12.5%, 20.0%

Support RM0.190

Stop Loss RM0.180

Possible for bottom fishing. BPURI is showing signs for recovery from its consolidation phase. 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 RM0.225 be broken, it may continue to lift price higher to subsequent resistance level of RM0.240.

However, failure to hold on to support level of RM0.190 may indicate weakness in the share price and hence, a cut-loss signal.

 

Source: PublicInvest Research - 31 Dec 2018

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Labels: BPURI

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Chart Stock Name Last Change Volume 
BPURI 0.105 +0.005 (5.00%) 1,364,000 

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