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PublicInvest Research

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

 

Technical Buy: INNATURE (5295)

Author:   |    Publish date:


  • Target Price: RM0.505, RM0.520
  • Last closing price: RM0.465
  • Potential return: 8.6%, 11.8%
  • Support: RM0.440
  • Stop Loss: RM0.420

Possible for sideways breakout. INNATURE is staging a potential breakout of its 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 RM0.505 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance level of RM0.520.

However, failure to hold on to support level of RM0.440 may indicate weakness in the share price and hence, a cut-loss signal

Source: PublicInvest Research - 30 Oct 2020

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Labels: INNATURE

Related Stocks

Chart Stock Name Last Change Volume 
INNATURE 0.57 +0.005 (0.88%) 344,600 

  Be the first to like this.
 
niet CGS CIMB has started covering this stock. Has target of 63 cents.
17/11/2020 3:06 PM


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