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PublicInvest Research

Author: PublicInvest   |   Latest post: Thu, 26 Nov 2020, 11:22 AM

 

Technical Sell - PPHB (8273)

Author:   |    Publish date:


  • Target Price: RM1.05
  • Last closing price: RM1.20
  • Potential downside: -12.5%

Upside may be capped. PPHB’s share price was under selling pressure following the formation of shooting star candlestick, signifying possible halt in its prior uptrend at this juncture. 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 RM1.14 be broken, it may continue to drive price lower to subsequent support level of RM1.05.

 

Source: PublicInvest Research - 19 Feb 2020

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Labels: PPHB

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Chart Stock Name Last Change Volume 
PPHB 0.945 +0.005 (0.53%) 18,837,800 

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