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PublicInvest Research

Author: PublicInvest   |   Latest post: Wed, 21 Aug 2019, 10:13 AM

 

Technical Buy - CABNET (0191)

Author:   |    Publish date:


  • Target Price: RM0.255, RM0.270
  • Last closing price: RM0.215
  • Potential return: 18.6%, 25.5%
  • Support: RM0.200
  • Stop Loss: RM0.190

Possible for bullish reversal. CABNET is showing initial signs of 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 RM0.230 be broken, it may continue to lift price higher to subsequent resistance levels of RM0.255 and RM0.270.

However, failure to hold on to support level of RM0.200 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 16 Jul 2019

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Labels: CABNET

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Chart Stock Name Last Change Volume 
CABNET 0.19 0.00 (0.00%)

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