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PublicInvest Research

Author: PublicInvest   |   Latest post: Fri, 4 Dec 2020, 10:06 AM

 

Technical Buy - RSAWIT (5113)

Author:   |    Publish date:


  • Target Price: RM0.150, RM0.170
  • Last closing price: RM0.135
  • Potential return: 11.1%, 25.9%
  • Support: RM0.125
  • Stop Loss: RM0.115

Possible for bottom fishing. RSAWIT is showing initial signs of recovery from its prior downtrend. 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 RM0.150 be broken, it may continue to lift price higher to subsequent resistance level of RM0.170.

However, failure to hold on to support level of RM0.125 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 1 Nov 2019

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Labels: RSAWIT

Related Stocks

Chart Stock Name Last Change Volume 
RSAWIT 0.295 0.00 (0.00%) 13,853,500 

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