Highlights

PublicInvest Research

Author: PublicInvest   |   Latest post: Wed, 28 Oct 2020, 11:02 AM

 

Technical Buy - MCLEAN (0167)

Author:   |    Publish date:


  • Target Price RM0.220, RM0.240
  • Last closing price RM0.200
  • Potential return 10.0%, 20.0%
  • Support RM0.190
  • Stop Loss RM0.175
     

Possible for recovery. MCLEAN remains relatively robust amid current market weaknesses. 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 RM0.220 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance level of RM0.240.

However, failure to hold on to support level of RM0.190 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 22 Sept 2020

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Labels: MCLEAN

Related Stocks

Chart Stock Name Last Change Volume 
MCLEAN 0.17 -0.01 (5.56%) 119,400 

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