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PublicInvest Research

Author: PublicInvest   |   Latest post: Wed, 20 Nov 2019, 9:59 AM

 

Technical Buy - POS (4634)

Author:   |    Publish date:


  • Target Price: RM1.84, RM1.93
  • Last closing price: RM1.66
  • Potential return: 10.8%, 16.2%
  • Support: RM1.56
  • Stop Loss: RM1.50

Possible for upside. POS is showing initial signs of recovery from 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 RM1.72 be broken, it may continue to lift price higher to subsequent resistance levels of RM1.84 and RM1.93.

However, failure to hold on to support level of RM1.56 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 13 Sept 2019

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Labels: POS

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Chart Stock Name Last Change Volume 
POS 1.41 +0.01 (0.71%) 550,100 

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