Highlights

PublicInvest Research

Author: PublicInvest   |   Latest post: Wed, 25 Nov 2020, 10:24 AM

 

Technical Buy - HIL (8443)

Author:   |    Publish date:


  • Target Price RM1.12, RM1.16
  • Last closing price RM1.05
  • Potential return 6.6%, 10.4%
  • Support RM1.00
  • Stop Loss RM0.980

Possible for uptrend continuation. HIL 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 RM1.12 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance level of RM1.16.

However, failure to hold on to support level of RM1.00 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 28 Oct 2020

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Labels: HIL

Related Stocks

Chart Stock Name Last Change Volume 
HIL 1.19 0.00 (0.00%) 124,900 

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