Highlights

PublicInvest Research

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

An official blog in I3investor to publish research reports provided by PublicInvest Research team.

All materials published here are prepared by Public Investment Bank Berhad. For latest offers on Public Invest trading products and news, please refer to: https://www.publicinvestbank.com.my/pbswecos/default.asp

PUBLIC INVESTMENT BANK BERHAD (20027-W)
9th Floor, Bangunan Public Bank
6, Jalan Sultan Sulaiman, 50000 Kuala Lumpur
T 603 2031 3011 | F 603 2272 3704 | Dealing Line 603 2260 6718
 

Technical Buy - K1-WC (0111WC)

Author:   |    Publish date:

  • Target Price: RM0.105, RM0.120
  • Last closing price: RM0.090
  • Potential return: 16.6%, 33.3%
  • Support: RM0.080
  • Stop Loss: RM0.070

Possible for upside. K1-WC is breaking out of 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 RM0.105 be broken, it may continue to lift price higher to subsequent resistance level of RM0.120. Note that the maturity date of K1-WC is on 30 Dec 2021.

However, failure to hold on to support level of RM0.080 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 8 Oct 2019

Share this
Labels: K1

Related Stocks

Chart Stock Name Last Change Volume 
K1 0.21 0.00 (0.00%) 1,301,000 

More articles on PublicInvest Research >>


  Like Comment
  Be the first to like this.
 


 

405  370  472  733 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 EKOVEST 0.905+0.095 
 IWCITY 1.02+0.115 
 PERDANA-PR 0.005-0.01 
 AT 0.045-0.005 
 VELESTO 0.38+0.015 
 SAPNRG 0.265+0.005 
 HSI-H8F 0.06-0.065 
 ARMADA 0.47+0.005 
 MYEG 1.17+0.07 
 NETX 0.02-0.005 

FEATURED POSTS

1. Leveraged & Inverse ETF CMS
Partners & Brokers