PublicInvest Research

TECHNICAL BUY : WILLOW (0008)

PublicInvest
Publish date: Mon, 13 Feb 2017, 05:55 PM
PublicInvest
0 11,315
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

  • Target price RM0.895, RM0.935
  • Last closing price RM0.815
  • Potential return 9.8%, 12.0%
  • Support RM0.790
  • Stop loss RM0.780

Possible for further upside. From a weekly perspective, WILLOW's share price formed a bullish three white soldiers alike candlesticks pattern with increasing volume. Both bullish RSI and MACD indicators signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in near term. Should resistance level of RM0.850 be broken, it may continue to lift price higher to the next resistance levels of RM0.895 and RM0.935. However, failure to hold at support level of RM0.790 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 13 Feb 2017

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chrisyap

aiyo, willow TP is .895 then .935, somemore dividend is coming.. haut ahh $$$$$$$$$

2017-02-13 18:15

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