Highlights

PublicInvest Research

Author: PublicInvest   |   Latest post: Wed, 28 Oct 2020, 11:02 AM

 

Technical Buy: YSPSAH (7178)

Author:   |    Publish date:


  • Target Price: RM2.63, RM2.75
  • Last closing price: RM2.46
  • Potential return: 6.9%, 11.7%
  • Support: RM2.39
  • Stop Loss: RM2.33

Technical rebound. YSPSAH rebounded off its immediate support yesterday with relatively high trading volume. 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 RM2.56 be broken, it may continue to lift price higher to subsequent resistance levels of RM2.63 and RM2.75.

However, failure to hold on to support level of RM2.39 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 15 May 2019

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Labels: YSPSAH

Related Stocks

Chart Stock Name Last Change Volume 
YSPSAH 2.33 -0.01 (0.43%) 61,700 

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