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PublicInvest Research

Author: PublicInvest   |   Latest post: Fri, 15 Nov 2019, 9:19 AM

 

Technical Buy - MEDIA (4502)

Author:   |    Publish date:


  • Target Price: RM0.525, RM0.545
  • Last closing price: RM0.485
  • Potential return: 8.2%, 12.3%
  • Support: RM0.480
  • Stop Loss: RM0.455

Possible for upside. MEDIA is staging a potential breakout from its sideways channel. 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 RM0.525 be broken, it may continue to lift price higher to subsequent resistance level of RM0.545.

However, failure to hold on to support level of RM0.480 may indicate weakness in the share price and hence, a cut-loss signal.

 

Source: PublicInvest Research - 6 Aug 2019

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Labels: MEDIA

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Chart Stock Name Last Change Volume 
MEDIA 0.30 0.00 (0.00%) 687,700 

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