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PublicInvest Research

Author: PublicInvest   |   Latest post: Tue, 22 Jun 2021, 9:57 AM

 

Technical Buy - BTECH (0011)

Author:   |    Publish date:


  • Target Price: RM0.530, RM0.550
  • Last closing price: RM0.495
  • Potential return: 7.0%, 11.1%
  • Support: RM0.465
  • Stop Loss: RM0.440

Possible for sideways breakout. BTECH is breaking out from its sideways channel. 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 immediate resistance level of RM0.505 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance levels of RM0.530 and RM0.550.

However, failure to hold on to support level of RM0.465 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 17 Nov 2020

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Labels: BTECH

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Chart Stock Name Last Change Volume 
BTECH 0.485 +0.01 (2.11%) 99,500 

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