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PublicInvest Research

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

 

Technical Buy - SCABLE (5170)

Author:   |    Publish date:


  • Target Price: RM0.230, RM0.250
  • Last closing price: RM0.205
  • Potential return: 12.1%, 21.9%
  • Support: RM0.200
  • Stop Loss: RM0.180

Possible for further recovery. Holding well amid market weakness, SCABLE is potentially staging for further recovery. 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 RM0.230 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance level of RM0.250.

However, failure to hold on to support level of RM0.200 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 5 May 2020

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Labels: SCABLE

Related Stocks

Chart Stock Name Last Change Volume 
SCABLE 0.23 0.00 (0.00%) 12,300 

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