Highlights

PublicInvest Research

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

 

Technical Buy - NWP (5025)

Author:   |    Publish date:


  • Target Price RM0.195, RM0.215
  • Last closing price RM0.180
  • Potential return 8.3%, 19.4%
  • Support RM0.165
  • Stop Loss RM0.150

Possible for sideways breakout. NWP is staging yet another potential breakout of its current sideways channel. 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 RM0.195 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance level of RM0.215. .

However, failure to hold on to support level of RM0.165 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 25 Sept 2020

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Labels: NWP

Related Stocks

Chart Stock Name Last Change Volume 
NWP 0.155 0.00 (0.00%) 373,300 

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