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PublicInvest Research

Author: PublicInvest   |   Latest post: Thu, 24 Sep 2020, 10:46 AM

 

Technical Buy - SUPERLN (7235)

Author:   |    Publish date:


  • Target Price: RM0.880, RM0.930
  • Last closing price: RM0.830
  • Potential return: 6.0%, 12.0%
  • Support: RM0.825
  • Stop Loss: RM0.790

Possible for upside. Without creating new low amid market weakness, SUPERLN is poised for further 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 RM0.880 be broken, it may continue to lift price higher to subsequent resistance level of RM0.930.

However, failure to hold on to support level of RM0.825 may indicate weakness in the share price and hence, a cut-loss signal.

 

Source: PublicInvest Research - 19 Sept 2019

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Labels: SUPERLN

Related Stocks

Chart Stock Name Last Change Volume 
SUPERLN 0.79 -0.01 (1.25%) 614,300 

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