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PublicInvest Research

Author: PublicInvest   |   Latest post: Wed, 11 Dec 2019, 9:46 AM

An official blog in I3investor to publish research reports provided by PublicInvest Research team.

All materials published here are prepared by Public Investment Bank Berhad. For latest offers on Public Invest trading products and news, please refer to: https://www.publicinvestbank.com.my/pbswecos/default.asp

PUBLIC INVESTMENT BANK BERHAD (20027-W)
9th Floor, Bangunan Public Bank
6, Jalan Sultan Sulaiman, 50000 Kuala Lumpur
T 603 2031 3011 | F 603 2272 3704 | Dealing Line 603 2260 6718
 

Technical Buy: YSPSAH (7178)

Author:   |    Publish date:

  • Target Price: RM2.63, RM2.75
  • Last closing price: RM2.46
  • Potential return: 6.9%, 11.7%
  • Support: RM2.39
  • Stop Loss: RM2.33

Technical rebound. YSPSAH rebounded off its immediate support yesterday with relatively high trading volume. Improving 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 RM2.56 be broken, it may continue to lift price higher to subsequent resistance levels of RM2.63 and RM2.75.

However, failure to hold on to support level of RM2.39 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 15 May 2019

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Labels: YSPSAH

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Chart Stock Name Last Change Volume 
YSPSAH 2.33 0.00 (0.00%) 0 

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