Highlights

PublicInvest Research

Author: PublicInvest   |   Latest post: Thu, 4 Jun 2020, 9:14 AM

 

Technical Buy: KAREX (5247)

Author:   |    Publish date:


  • Target Price: RM0.450, RM0.480
  • Last closing price: RM0.415
  • Potential return: 8.4%, 15.6%
  • Support: RM0.410
  • Stop Loss: RM0.385

Possible for further recovery. KAREX is staging a potential breakout from its sideways channel. Corresponding RSI and MACD indicators remain healthy while undergoing congestion phase, with anticipation of continuous improvement in both momentum and trend in the near term. Should resistance level of RM0.435 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance levels of RM0.450 and RM0.480.

However, failure to hold on to support level of RM0.410 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 10 Apr 2020

Share this
Labels: KAREX

Related Stocks

Chart Stock Name Last Change Volume 
KAREX 0.55 +0.015 (2.80%) 8,057,600 

  Be the first to like this.
 


APPS
I3 Messenger
Individual or Group chat with anyone on I3investor
MQ Trader
View Trading Signals and run Live Backtest
MQ Affiliate
Earn rewards with MQ Affiliate Program
 
 

533  406  509  444 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 AT 0.105+0.025 
 SAPNRG 0.105+0.005 
 XDL 0.065+0.01 
 K1 0.54+0.095 
 JAG 0.095+0.015 
 HLT 0.92+0.225 
 AIRASIA 0.86+0.035 
 CAREPLS 1.54+0.35 
 HLT-WA 0.61+0.17 
 BCMALL 0.305+0.045 

FEATURED POSTS

1. MQ Trader - Introduction to MQ Trader Affiliate Program MQ Trader Announcement!
2. MQ Affiliate – A smarter way to earn more rewards MQ Trader Affiliate Program
3. MQ Affiliate – How to become an effective affiliate MQ Trader Affiliate Program
4. MQ Affiliate – Upgrading to Affiliate Partner MQ Trader Affiliate Program
Partners & Brokers