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PublicInvest Research

Author: PublicInvest   |   Latest post: Tue, 20 Oct 2020, 10:04 AM

 

Technical Buy - RGB (0037)

Author:   |    Publish date:


  • Target Price: RM0.205, RM0.215
  • Last closing price: RM0.190
  • Potential return: 7.8%, 13.1%
  • Support: RM0.180
  • Stop Loss: RM0.170

Possible for further recovery. RGB is recovering 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 RM0.205 be broken, it may continue to lift price higher to subsequent resistance level of RM0.215.

However, failure to hold on to support level of RM0.180 may indicate weakness in the share price and hence, a cut-loss signal

Source: PublicInvest Research - 5 Feb 2020

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Labels: RGB

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Chart Stock Name Last Change Volume 
RGB 0.12 0.00 (0.00%) 1,351,200 

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