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PublicInvest Research

Author: PublicInvest   |   Latest post: Wed, 23 Jun 2021, 10:10 AM

 

Technical Buy - EFRAME (0227)

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  • Target Price: RM0.555, RM0.600
  • Last closing price: RM0.515
  • Potential return: 7.7%, 16.5%
  • Support: RM0.490
  • Stop Loss: RM0.460

Possible for sideways breakout. EFRAME 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 RM0.555 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance level of RM0.600.

However, failure to hold on to support level of RM0.490 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 5 May 2021

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Labels: EFRAME

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Chart Stock Name Last Change Volume 
EFRAME 0.53 +0.005 (0.95%) 261,900 

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