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PublicInvest Research

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

 

Technical Buy: DESTINI (7212)

Author:   |    Publish date:


  • Target Price: RM0.355, RM0.390
  • Last closing price: RM0.325
  • Potential return: 9.2%, 20.0%
  • Support: RM0.305
  • Stop Loss: RM0.285

Possible for further upside. DESTINI is picking up its prior uptrend after undergoing congestion phase over the past two weeks. 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 RM0.340 be broken, it may continue to lift price higher to subsequent resistance levels of RM0.355 and RM0.390.

However, failure to hold on to support level of RM0.305 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 8 Apr 2019

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Labels: DESTINI

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Chart Stock Name Last Change Volume 
DESTINI 0.215 -0.005 (2.27%) 1,956,500 

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