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PublicInvest Research

Author: PublicInvest   |   Latest post: Fri, 19 Jul 2019, 8:51 AM

 

Technical Buy - MPHBCAP (5237)

Author:   |    Publish date:


  • Target Price: RM1.10, RM1.16
  • Last closing price: RM1.05
  • Potential return: 4.7%, 10.4%
  • Support: RM1.00
  • Stop Loss: RM0.980

Possible for bottom fishing. MPHBCAP 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 RM1.10 be broken, it may continue to lift price higher to subsequent resistance level of RM1.16.

However, failure to hold on to support level of RM1.00 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 18 Jun 2019

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Labels: MPHBCAP

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Chart Stock Name Last Change Volume 
MPHBCAP 1.16 +0.01 (0.87%) 98,000 

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