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PublicInvest Research

Author: PublicInvest   |   Latest post: Thu, 12 Dec 2019, 9:19 AM

 

Technical Buy - BPURI (5932)

Author:   |    Publish date:


  • Target Price: RM0.210, RM0.225
  • Last closing price: RM0.185
  • Potential return: 13.5%, 21.6%
  • Support: RM0.185
  • Stop Loss: RM0.170

Possible for upside. BPURI is well supported above its EMA while undergoing congestion phase after recent surge in price and volume. 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 RM0.210 be broken, it may continue to lift price higher to subsequent resistance level of RM0.225.

However, failure to hold on to support level of RM0.185 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 23 Jul 2019

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Labels: BPURI

Related Stocks

Chart Stock Name Last Change Volume 
BPURI 0.10 0.00 (0.00%) 779,700 

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