PublicInvest Research

Author: PublicInvest   |   Latest post: Wed, 1 Apr 2020, 9:06 AM


Technical Buy: PRLEXUS (8966)

Author:   |    Publish date:

  • Target Price: RM0.890, RM0.940
  • Last closing price: RM0.810
  • Potential return: 9.8%, 16.0%
  • Support: RM0.770
  • Stop Loss: RM0.740

Possible for further rebound. PRLEXUS is staging a recovery from its recent pullback. 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 RM0.850 be broken, it may continue to lift price higher to subsequent resistance levels of RM0.890 and RM0.940.

However, failure to hold on to support level of RM0.770 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 17 Feb 2020

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Chart Stock Name Last Change Volume 
PRLEXUS 0.435 -0.035 (7.45%) 182,800 

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