PublicInvest Research

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


Technical Sell: BINACOM (0195)

Author:   |    Publish date:

  • Target Price RM0.460
  • Last closing price RM0.520
  • Potential downside -11.5%

Upside may be capped. BINACOM’s share price formed a bearish engulfing candlestick pattern yesterday, signifying possible halt in its prior uptrend. Weakening RSI and fast-paced MACD indicators currently signal an exit to sell into strength, anticipating performance in momentum and trend to remain weak in near term. Should support level of RM0.500 be broken, it may continue to drive price lower to subsequent support level of RM0.460.

Source: PublicInvest Research - 18 Feb 2020

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Related Stocks

Chart Stock Name Last Change Volume 
BINACOM 0.295 -0.015 (4.84%) 12,920,900 

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calvintaneng Public Research getting from bad to worst after Tan Sri Teh Hoong Peow retired

Last year public Research totally missed Ogse bull run stocks of dayang, naim, carimin, penergy, Uzma and velesto

And a terror for public Research to downgrade Uzma till 55 sen which contrarian Calvin bought.
Calvin later made 100% from Uzma when it touched Rm1.10

And this year public Research totally missed Nfcp bull run stocks of Netx, binacom, redtone, Opcom, cmsb and others

Now that binacom is under profit taking it comes out to downgrade it

No wonder public bank share price has been going down and down

So dear analyst of public Research please wake up
18/02/2020 11:41 PM

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