Technical Buy - Connect (0102) - PublicInvest Research

Highlights

Author: PublicInvest | Latest post: Wed, 20 Jan 2021, 11:39 AM

An official blog in I3investor to publish research reports provided by PublicInvest Research team.

All materials published here are prepared by Public Investment Bank Berhad. For latest offers on Public Invest trading products and news, please refer to: https://www.publicinvestbank.com.my/pbswecos/default.asp

PUBLIC INVESTMENT BANK BERHAD (20027-W)
9th Floor, Bangunan Public Bank
6, Jalan Sultan Sulaiman, 50000 Kuala Lumpur
T 603 2031 3011 | F 603 2272 3704 | Dealing Line 603 2260 6718

Technical Buy - Connect (0102)

Author: PublicInvest | Publish date: Thu, 1 Oct 2020, 2:25 PM

Target Price RM0.150, RM0.165
Last closing price RM0.140
Potential return 7.1%, 17.8%
Support RM0.130
Stop Loss RM0.125

Possible for further recovery. CONNECT is staging a potential recovery from its consolidation phase. Slightly improved RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in the near term. Should resistance level of RM0.150 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance level of RM0.165.

However, failure to hold on to support level of RM0.130 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 1 Oct 2020

Share this

Labels: CONNECT

Related Stocks

Chart	Stock Name	Last	Change	Volume
	CONNECT	0.215	-0.01 (4.44%)	9,437,400

More articles on PublicInvest Research >>

Technical Buy - YONGTAI (7066) - Jan 20, 2021
PublicInvest Research Headlines - 20 Jan 2021 - Jan 20, 2021
Technical Buy - PELIKAN (5231) - Jan 20, 2021
PublicInvest Research Daily - 19 Jan 2021 - Jan 19, 2021
PublicInvest Research Market Strategy - More Aid Extended - Jan 19, 2021
Serba Dinamik Holdings Berhad - First Awards For The Year - Jan 19, 2021

Comment

Be the first to like this.

APPS

I3 Messenger

Individual or Group chat with anyone on I3investor

MQ Trader

Stock Screener using Technical and Fundamental criteria

MQ Affiliate

Join the MQ Affiliate Program today to earn rewards

559

433

624

487

ActiveGainersLosers

Top 10 Active Counters
Name	Last	Change
HPPHB	0.71	+0.14
MTOUCHE	0.065	0.00
WIDAD	0.66	-0.005
ANZO	0.105	+0.025
DGB	0.125	-0.05
VIZIONE	0.275	-0.03
KSTAR	0.32	+0.065
KTG	0.25	-0.015
AT	0.175	0.00
PNEPCB	0.33	-0.01