PublicInvest Research

Author: PublicInvest   |   Latest post: Thu, 24 Jun 2021, 9:56 AM


Technical Buy - LAGENDA-WB (7179WB)

Author:   |    Publish date:

  • Target Price: RM0.400, RM0.420
  • Last closing price: RM0.360
  • Potential return: 11.1%, 16.6%
  • Support: RM0.340
  • Stop Loss: RM0.325

Possible for sideways breakout. LAGENDA-WB is staging 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 immediate resistance level of RM0.380 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance levels of RM0.400 and RM0.420. Note that the maturity date of LAGENDA-WB is on 22 Jan 2022.

However, failure to hold on to support level of RM0.340 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 16 Dec 2020

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Chart Stock Name Last Change Volume 
LAGENDA 1.29 0.00 (0.00%) 789,000 

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