• Target Price: RM0.330, RM0.355
• Last closing price: RM0.305
• Potential return: 8.1%, 16.3%
• Support: RM0.290
• Stop Loss: RM0.265

Possible for further upside. PWORTH continued to ride on prior uptrend yesterday following a minor pullback last week. On a weekly basis, bullish RSI and MACD indicators signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in near term. Should RM0.305 resistance level be broken, it may continue to lift price higher to the next resistance levels of RM0.330 and RM0.355.

However, failure to hold on to support level of RM0.290 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 16 Jan 2018