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PublicInvest Research

Author: PublicInvest   |   Latest post: Thu, 18 Jul 2019, 9:35 AM

 

Technical Buy: VIZIONE-WC (7070WC)

Author:   |    Publish date:


  • Target Price: RM0.530, RM0.565
  • Last closing price: RM0.485
  • Potential return: 9.2%, 16.4%
  • Support: RM0.465
  • Stop Loss: RM0.440

Possible for upside. VIZIONE-WC is showing initial signs of 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 RM0.530 be broken, it may continue to lift price higher to subsequent resistance level of RM0.565. Note that the maturity date of VIZIONE-WC is on 5 Feb 2022.

However, failure to hold on to support level of RM0.465 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 14 Jun 2019

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Labels: VIZIONE

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