PublicInvest Research

Author: PublicInvest   |   Latest post: Thu, 24 Sep 2020, 10:46 AM


Technical Buy- SOLID (5242)

Author:   |    Publish date:

  • Target Price: RM0.235, RM0.245
  • Last closing price: RM0.220
  • Potential return: 6.8%, 11.3%
  • Support: RM0.205
  • Stop Loss: RM0.195

Possible for further recovery. SOLID is potentially staging a stronger 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 RM0.235 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance level of RM0.245.

However, failure to hold on to support level of RM0.205 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 5 Aug 2020

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Labels: SOLID

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Chart Stock Name Last Change Volume 
SOLID 0.20 0.00 (0.00%) 215,400 

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