Technical Buy - ABLEGRP (7086) - PublicInvest Research

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Author: PublicInvest | Latest post: Tue, 2 Mar 2021, 9:39 AM

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Technical Buy - ABLEGRP (7086)

Author: PublicInvest | Publish date: Thu, 21 Jan 2021, 11:54 AM

Target Price: RM0.140, RM0.155
Last closing price: RM0.130
Potential return: 7.6%, 19.2%
Support: RM0.120
Stop Loss: RM0.105

Possible for sideways breakout. ABLEGRP is staging a potential breakout from its current 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 RM0.140 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance level of RM0.155.

However, failure to hold on to support level of RM0.120 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 21 Jan 2021

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Labels: ABLEGRP

Related Stocks

Chart	Stock Name	Last	Change	Volume
	ABLEGRP	0.165	-0.025 (13.16%)	142,375,600

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