PublicInvest Research

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


Technical Buy: MYCRON (5087)

Author:   |    Publish date:

  • Target Price: RM0.365, RM0.395
  • Last closing price: RM0.340
  • Potential return: 7.3%, 16.1%
  • Support: RM0.310
  • Stop Loss: RM0.290

Possible for further upside. MYCRON is attempting to establish a new uptrend following a halt in recent retracement. Slightly improved MACD indicator currently signals reasonable entry level, with anticipation of continuous improvement in both momentum and trend in the near term. Should resistance level of RM0.365 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance level of RM0.395.

However, failure to hold on to support level of RM0.310 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 19 May 2020

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Labels: MYCRON

Related Stocks

Chart Stock Name Last Change Volume 
MYCRON 0.43 0.00 (0.00%) 1,870,900 

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