PublicInvest Research

Author: PublicInvest   |   Latest post: Thu, 22 Oct 2020, 9:57 AM


Technical Buy - PARLO (0022)

Author:   |    Publish date:

  • Target Price: RM0.105, RM0.120
  • Last closing price: RM0.095
  • Potential return: 10.5%, 26.3%
  • Support: RM0.080
  • Stop Loss: RM0.075

Possible for sideways breakout. PARLO is staging a potential breakout of its current sideways formation. 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 RM0.105 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance level of RM0.120.

However, failure to hold on to support level of RM0.080 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 7 Aug 2020

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Labels: PARLO

Related Stocks

Chart Stock Name Last Change Volume 
PARLO 0.515 +0.03 (6.19%) 35,541,500 

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