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PublicInvest Research

Author: PublicInvest   |   Latest post: Tue, 1 Dec 2020, 10:01 AM

 

Technical Buy - SPRING (0216)

Author:   |    Publish date:


  • Target Price RM0.270, RM0.285
  • Last closing price RM0.255
  • Potential return 5.8%, 11.7%
  • Support RM0.240
  • Stop Loss RM0.230

Possible for further upside. SPRING is attempting to extend its current uptrend. Improving 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 RM0.270 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance level of RM0.285.

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 - 28 Oct 2020

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Labels: SPRING

Related Stocks

Chart Stock Name Last Change Volume 
SPRING 0.365 +0.01 (2.82%) 3,804,300 

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