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PublicInvest Research

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

 

Technical Buy - HSSEB (0185)

Author:   |    Publish date:


  • Target Price: RM0.585, RM0.635
  • Last closing price: RM0.540
  • Potential return: 8.3%, 17.5%
  • Support: RM0.500
  • Stop Loss: RM0.485

Possible for chart pattern breakout. HSSEB is staging a potential breakout from its descending triangle pattern. 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 RM0.585 be genuinely broken with renewed buying interest, it may continue to lift price higher to subsequent resistance level of RM0.635.

However, failure to hold on to support level of RM0.500 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 22 Jul 2020

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Labels: HSSEB

Related Stocks

Chart Stock Name Last Change Volume 
HSSEB 0.495 +0.03 (6.45%) 412,700 

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