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PublicInvest Research

Author: PublicInvest   |   Latest post: Thu, 23 Jan 2020, 9:38 AM

 

Technical Buy - CABNET (0191)

Author:   |    Publish date:


  • Target Price: RM0.250, RM0.270
  • Last closing price: RM0.230
  • Potential return: 8.6%, 17.3%
  • Support: RM0.220
  • Stop Loss: RM0.205

Possible for upside. CABNET is staging a potential breakout 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 RM0.250 be broken, it may continue to lift price higher to subsequent resistance level of RM0.270.

However, failure to hold on to support level of RM0.220 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 11 Dec 2019

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Labels: CABNET

Related Stocks

Chart Stock Name Last Change Volume 
CABNET 0.225 +0.005 (2.27%) 30,000 

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