PublicInvest Research

Author: PublicInvest   |   Latest post: Mon, 23 Sep 2019, 9:36 AM


Technical Buy: ULICORP (7133)

Author:   |    Publish date:

  • Target Price: RM0.840, RM0.900
  • Last closing price: RM0.775
  • Potential return: 8.3%, 16.1%
  • Support: RM0.690
  • Stop Loss: RM0.640

Possible for further upside. ULICORP climbed further with relatively high trading volume yesterday. Bullish RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in near term. Should resistance level of RM0.805 be broken, it may continue to lift price higher to subsequent resistance levels of RM0.840 and RM0.900.

However, failure to hold on to support level of RM0.690 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 7 May 2019

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Chart Stock Name Last Change Volume 
ULICORP 0.48 0.00 (0.00%) 15,500 

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