PublicInvest Research

Author: PublicInvest   |   Latest post: Tue, 27 Jul 2021, 9:33 AM


Technical Buy - NOVAMSC (0026)

Author:   |    Publish date:

  • Target Price: RM0.115, RM0.125
  • Last closing price: RM0.105
  • Potential return: 9.5%, 19.0%
  • Support: RM0.100
  • Stop Loss: RM0.090

Possible for further recovery. NOVAMSC is staging a potential recovery from its recent pullback. 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 RM0.115 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance level of RM0.125.

However, failure to hold on to support level of RM0.100 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 16 Apr 2021

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Chart Stock Name Last Change Volume 
NOVAMSC 0.13 -0.005 (3.70%) 596,800 

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