Highlights

PublicInvest Research

Author: PublicInvest   |   Latest post: Fri, 24 Sep 2021, 10:33 AM

 

Technical Buy - ZELAN (2283)

Author:   |    Publish date:


  • Target Price: RM0.140, RM0.155
  • Last closing price: RM0.130
  • Potential return: 7.6%, 19.2%
  • Support: RM0.125
  • Stop Loss: RM0.110

Possible for sideways breakout. ZELAN 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 RM0.140 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 RM0.125 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 23 Jul 2021

Share this
Labels: ZELAN

Related Stocks

Chart Stock Name Last Change Volume 
ZELAN 0.12 -0.005 (4.00%) 2,839,400 

  LimitUp likes this.
 


APPS
I3 Messenger
Individual or Group chat with anyone on I3investor
MQ Trader
View candlestick stock charts with Technical indicators
MQ Affiliate
Be rewarded by being an MQ Affiliate
 
 

396  502  563  848 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 PASUKGB 0.06-0.005 
 DNEX 0.81-0.02 
 KAB 0.41+0.015 
 VS-WB 0.58+0.04 
 MINETEC-PR 0.005+0.005 
 SAPNRG 0.1150.00 
 KAB-WA 0.055+0.005 
 TANCO 0.26+0.015 
 VS 1.70+0.18 
 HSI-HG8 0.49+0.07 
PARTNERS & BROKERS