- Target Price: RM0.210, RM0.225
- Last closing price: RM0.195
- Potential return: 7.6%, 15.3%
- Support: RM0.185
- Stop Loss: RM0.175
Possible for sideways breakout. JETSON 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 RM0.210 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance level of RM0.225.
However, failure to hold on to support level of RM0.185 may indicate weakness in the share price and hence, a cut-loss signal.
Source: PublicInvest Research - 3 Dec 2020