Highlights

PublicInvest Research

Author: PublicInvest   |   Latest post: Fri, 23 Oct 2020, 9:35 AM

 

Technical Buy - PLABS (0171)

Author:   |    Publish date:


  • Target Price RM0.260, RM0.275
  • Last closing price RM0.245
  • Potential return 6.1%, 12.2%
  • Support RM0.240
  • Stop Loss RM0.230

Possible for recovery. PLABS remains relatively robust amid current market weaknesses. 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 RM0.260 be genuinely broken with renewed buying interest, it may continue to lift price higher to subsequent resistance level of RM0.275.

However, failure to hold on to support level of RM0.240 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 24 Sept 2020

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Labels: PLABS

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Chart Stock Name Last Change Volume 
PLABS 0.22 -0.005 (2.22%) 661,100 

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