PublicInvest Research

Author: PublicInvest   |   Latest post: Fri, 26 Nov 2021, 10:48 AM


Technical Buy - CAMRES (7128)

Author:   |    Publish date:

  • Target Price: RM0.375, RM0.400
  • Last closing price: RM0.355
  • Potential return: 5.6%, 12.6%
  • Support: RM0.340
  • Stop Loss: RM0.325

Possible for sideways breakout. CAMRES 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 RM0.375 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance level of RM0.400.

However, failure to hold on to support level of RM0.340 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 15 Oct 2021

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Labels: CAMRES

Related Stocks

Chart Stock Name Last Change Volume 
CAMRES 0.335 0.00 (0.00%) 731,200 

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