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PublicInvest Research

Author: PublicInvest   |   Latest post: Fri, 27 Nov 2020, 11:04 AM

 

Technical Buy - HSSEB-WA (0185WA)

Author:   |    Publish date:


  • Target Price: RM0.210, RM0.230
  • Last closing price: RM0.180
  • Potential return: 16.6%, 27.7%
  • Support: RM0.170
  • Stop Loss: RM0.160

Possible for bottom fishing. HSSEB-WA is staging a potential 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 RM0.195 be broken, it may continue to lift price higher to subsequent resistance levels of RM0.210 and RM0.230. Note that the maturity date of HSSEB-WA is on 15 March 2023.

However, failure to hold on to support level of RM0.170 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 24 Dec 2019

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Labels: HSSEB

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Chart Stock Name Last Change Volume 
HSSEB 0.48 -0.015 (3.03%) 255,700 

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