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PublicInvest Research

Author: PublicInvest   |   Latest post: Fri, 23 Oct 2020, 9:35 AM

 

Technical Buy - IWCITY (1589)

Author:   |    Publish date:


  • Target Price: RM1.00, RM1.08
  • Last closing price: RM0.905
  • Potential return: 10.4%, 19.3%
  • Support: RM0.870
  • Stop Loss: RM0.830

Possible for upside. IWCITY is staging a 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 RM0.950 be broken, it may continue to lift price higher to subsequent resistance levels of RM1.00 and RM1.08.

However, failure to hold on to support level of RM0.870 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 21 Nov 2019

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Labels: IWCITY

Related Stocks

Chart Stock Name Last Change Volume 
IWCITY 0.50 -0.005 (0.99%) 4,070,100 

  amircesc4 likes this.
 
amircesc4 Amin
21/11/2019 11:05 PM
L2earn jangan kejar tinggi klau naik
23/11/2019 10:43 AM


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