Technical Buy - TEXCYCL (0089) - PublicInvest Research

Highlights

Author: PublicInvest | Latest post: Fri, 22 Jan 2021, 10:40 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 - TEXCYCL (0089)

Author: PublicInvest | Publish date: Thu, 26 Nov 2020, 11:22 AM

Target Price: RM0.430, RM0.450
Last closing price: RM0.400
Potential return: 7.5%, 12.5%
Support: RM0.395
Stop Loss: RM0.385

Possible for sideways breakout. TEXCYCL is well supported after attempting to stage a potential breakout from 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 RM0.430 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance level of RM0.450.

However, failure to hold on to support level of RM0.395 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 26 Nov 2020

Share this

Labels: TEXCYCL

Related Stocks

Chart	Stock Name	Last	Change	Volume
	TEXCYCL	0.43	+0.005 (1.18%)	481,000

More articles on PublicInvest Research >>

Technical Buy - T7GLOBAL (7228) - Jan 22, 2021
PublicInvest Research Daily - 22 Jan 2021 - Jan 22, 2021
Genting Malaysia Berhad - Temporary Closure Of Operations - Jan 22, 2021
AirAsia Group Berhad - Proposed Private Placement - Jan 22, 2021
Technical Buy - BINACOM (0195) - Jan 22, 2021
PublicInvest Research Headlines - 21 Jan 2021 - Jan 21, 2021

Comment

Be the first to like this.

APPS

I3 Messenger

Individual or Group chat with anyone on I3investor

MQ Trader

Earn MQ Points while trading with MQ Traders Group

MQ Affiliate

Earn side income from MQ Affiliate Program

564

409

601

ActiveGainersLosers

Top 10 Active Counters
Name	Last	Change
TRIVE-OR	0.005	0.00
QES	0.38	+0.04
KSTAR	0.21	-0.045
DNEX	0.26	+0.005
BIOHLDG	0.30	+0.04
DYNACIA	0.12	0.00
LAMBO	0.03	0.00
MCLEAN	0.325	+0.095
AT	0.18	0.00
VSOLAR	0.04	0.00