PublicInvest Research

Author: PublicInvest   |   Latest post: Wed, 21 Oct 2020, 10:11 AM


Technical Buy - ESCERAM (0100)

Author:   |    Publish date:

  • Target Price: RM0.260, RM0.280
  • Last closing price: RM0.225
  • Potential return: 15.5%, 24.4%
  • Support: RM0.195
  • Stop Loss: RM0.180

Possible for uptrend continuation. ESCERAM is riding on its gradual uptrend. 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 RM0.235 be broken, it may continue to lift price higher to subsequent resistance levels of RM0.260 and RM0.280.

However, failure to hold on to support level of RM0.195 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 3 Jan 2020

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Chart Stock Name Last Change Volume 
ESCERAM 0.755 -0.04 (5.03%) 12,681,200 

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