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PublicInvest Research

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

 

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

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Labels: K1

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

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