Highlights

PublicInvest Research

Author: PublicInvest   |   Latest post: Fri, 4 Dec 2020, 10:06 AM

 

Technical Buy: SURIA (6521)

Author:   |    Publish date:


  • Target Price: RM0.970, RM1.00
  • Last closing price: RM0.895
  • Potential return: 8.3%, 11.7%
  • Support: RM0.890
  • Stop Loss: RM0.850

Possible for recovery. SURIA is staging a potential breakout from its consolidation phase. Corresponding RSI and MACD indicators remain healthy while trending sideways, with anticipation of continuous improvement in both momentum and trend in the near term. Should resistance level of RM0.910 be genuinely broken with renewed buying interest, it may continue to lift price higher to subsequent resistance levels of RM0.970 and RM1.00.

However, failure to hold on to support level of RM0.890 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 22 Apr 2020

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Labels: SURIA

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Chart Stock Name Last Change Volume 
SURIA 1.05 +0.01 (0.96%) 330,700 

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