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PublicInvest Research

Author: PublicInvest   |   Latest post: Mon, 18 Jan 2021, 11:45 AM

 

Technical Buy - UCREST (0005)

Author:   |    Publish date:


  • Target Price: RM0.180, RM0.195
  • Last closing price: RM0.165
  • Potential return: 9.0%, 18.1%
  • Support: RM0.155
  • Stop Loss: RM0.145

Possible for recovery. UCREST is attempting to stage a potential recovery from its consolidation phase. Slightly improved RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in near term. Should resistance level of RM0.180 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance level of RM0.195.

However, failure to hold on to support level of RM0.155 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 30 Jul 2020

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Labels: UCREST

Related Stocks

Chart Stock Name Last Change Volume 
UCREST 0.15 0.00 (0.00%) 4,548,100 

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