Possible for further upside. Staying above short-term and medium-term moving average, the encouraging movement of both price and volume of LEWEKO-WB is interpreted as a positive sign, amid weak market sentiment. Bullish RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in near term to lift price higher to the next resistance levels of RM0.200 and RM0.240. Note that the maturity date of LEWEKO-WB is on 8 Sep 2020.
However, failure to hold on to support level of RM0.180 may indicate weakness in the share price and hence, a cut-loss signal.
Source: PublicInvest Research - 21 Nov 2017
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nekosan
first time there is a technical buy for a warrant ...
2017-11-21 17:20