PublicInvest Research

Author: PublicInvest   |   Latest post: Wed, 19 Jun 2019, 11:29 AM


Technical Buy: DNONCE (7114)

Author:   |    Publish date:

  • Target Price: RM0.505, RM0.530
  • Last closing price: RM0.470
  • Potential return: 7.4%, 12.7%
  • Support: RM0.450
  • Stop Loss: RM0.430

Possible for upside. DNONCE is staging a potential recovery from its consolidation phase. 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 RM0.485 be genuinely broken, it may continue to lift price higher to subsequent resistance levels of RM0.505 and RM0.530.

However, failure to hold on to support level of RM0.450 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 24 May 2019

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Labels: DNONCE

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Chart Stock Name Last Change Volume 
DNONCE 0.465 +0.015 (3.33%) 138,700 

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