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PublicInvest Research

Author: PublicInvest   |   Latest post: Fri, 22 Oct 2021, 11:22 AM

 

Technical Buy - PUNCAK (6807)

Author:   |    Publish date:


  • Target Price: RM0.475, RM0.515
  • Last closing price: RM0.450
  • Potential return: 5.5%, 14.4%
  • Support: RM0.435
  • Stop Loss: RM0.410

Possible for sideways breakout. PUNCAK is staging a potential breakout from its sideways channel, with anticipation of continuous improvement in both momentum and trend in the near term. Should immediate resistance level of RM0.475 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance level of RM0.515.

However, failure to hold on to support level of RM0.435 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 15 Sept 2021

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Labels: PUNCAK

Related Stocks

Chart Stock Name Last Change Volume 
PUNCAK 0.41 +0.005 (1.23%) 419,800 

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