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PublicInvest Research

Author: PublicInvest   |   Latest post: Fri, 30 Oct 2020, 10:22 AM

 

Technical Buy - ESCERAM (0100)

Author:   |    Publish date:


  • Target Price: RM0.290, RM0.310
  • Last closing price: RM0.255
  • Potential return: 13.7%, 21.5%
  • Support: RM0.230
  • Stop Loss: RM0.210

Possible for gradual recovery. Breaking out of its downtrend formation, ESCERAM rebounded yesterday. 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 RM0.260 be broken with persistent buying interest, it may continue to lift price higher to subsequent resistance levels of RM0.290 and RM0.310.

However, failure to hold on to support level of RM0.230 may indicate weakness in the share price and hence, a cut-loss signal

Source: PublicInvest Research - 4 Mar 2020

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Labels: ESCERAM

Related Stocks

Chart Stock Name Last Change Volume 
ESCERAM 0.56 -0.04 (6.67%) 28,691,400 

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