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PublicInvest Research

Author: PublicInvest   |   Latest post: Fri, 30 Oct 2020, 10:22 AM

 

Technical buy - DGSB (0131)

Author:   |    Publish date:


  • Target Price RM0.180, RM0.195
  • Last closing price RM0.170
  • Potential return 5.8%, 14.7%
  • Support RM0.160
  • Stop Loss RM0.150

Possible for further upside. DGSB is attempting for a potential breakout from its wedge 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 RM0.180 be genuinely 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 RM0.160 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 18 Sept 2020

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Labels: DGSB

Related Stocks

Chart Stock Name Last Change Volume 
DGSB 0.195 -0.03 (13.33%) 263,962,500 

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Top 10 Active Counters
 NameLastChange 
 AT 0.10+0.005 
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 MAHSING 0.91-0.05 
 DATAPRP 0.18-0.015 
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 LUSTER 0.15-0.015 
 TRIVE 0.010.00 

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