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PublicInvest Research

Author: PublicInvest   |   Latest post: Mon, 25 Jan 2021, 1:29 PM

 

Technical Buy - EASTLND (2097)

Author:   |    Publish date:


  • Target Price: RM0.130, RM0.140
  • Last closing price: RM0.115
  • Potential return: 13.0%, 21.7%
  • Support: RM0.110
  • Stop Loss: RM0.100

Possible for sideways breakout. EASTLND is staging a potential breakout 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 RM0.130 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance level of RM0.140.

However, failure to hold on to support level of RM0.110 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 2 Dec 2020

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Labels: EASTLND

Related Stocks

Chart Stock Name Last Change Volume 
EASTLND 0.13 0.00 (0.00%) 609,900 

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