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PublicInvest Research

Author: PublicInvest   |   Latest post: Fri, 13 Dec 2019, 10:07 AM

 

Technical Buy: GDEX (0078)

Author:   |    Publish date:


  • Target Price: RM0.305, RM0.320
  • Last closing price: RM0.285
  • Potential return: 7.0%, 12.2%
  • Support: RM0.280
  • Stop Loss: RM0.265

Possible for upside. Without further decline, GDEX is potentially poised for further upside after its recent pullback. 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 RM0.305 be broken, it may continue to lift price higher to subsequent resistance level of RM0.320.

However, failure to hold on to support level of RM0.280 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 3 Sept 2019

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Labels: GDEX

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Chart Stock Name Last Change Volume 
GDEX 0.265 0.00 (0.00%) 1,270,500 

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