PublicInvest Research

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


Technical Buy: STAR (6084)

Author:   |    Publish date:

  • Target Price: RM0.860, RM0.900
  • Last closing price: RM0.810
  • Potential return: 6.1%, 11.1%
  • Support: RM0.785
  • Stop Loss: RM0.775

Possible for upside. STAR is poised for further upside after undergoing congestion 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 RM0.860 be broken, it may continue to lift price higher to subsequent resistance level of RM0.900.

However, failure to hold on to support level of RM0.785 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 21 Mar 2019

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Labels: STAR

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