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PublicInvest Research

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

 

Technical Buy: FITTERS (9318)

Author:   |    Publish date:


  • Target Price: RM0.450, RM0.475
  • Last closing price: RM0.430
  • Potential return: 4.6%, 10.4%
  • Support: RM0.425
  • Stop Loss: RM0.410

Possible for upside. FITTERS is showing initial signs of recovery from its downtrend. 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 RM0.450 be broken, it may continue to lift price higher to subsequent resistance level of RM0.475.

However, failure to hold on to support level of RM0.425 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 20 Jun 2019

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Labels: FITTERS

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Chart Stock Name Last Change Volume 
FITTERS 0.42 -0.01 (2.33%) 1,211,600 

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