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PublicInvest Research

Author: PublicInvest   |   Latest post: Fri, 5 Jun 2020, 9:37 AM

 

Technical Buy - MCT (5182)

Author:   |    Publish date:


  • Target Price: RM0.120, RM0.135
  • Last closing price: RM0.100
  • Potential return: 20.0%, 35.0%
  • Support: RM0.090
  • Stop Loss: RM0.075

Possible for further recovery. MCT is recovering from its prior downtrend. Improving RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in the near term. Should resistance level of RM0.120 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance level of RM0.135.

However, failure to hold on to support level of RM0.090 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 27 Mar 2020

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Labels: MCT

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Chart Stock Name Last Change Volume 
MCT 0.215 +0.005 (2.38%) 3,703,500 

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