Target Price RM1.10

Last closing price RM1.02

Potential return 7.8%

Support RM1.00

Stop Loss RM0.985

Possible for bottom fishing. HUPSENG is showing signs of recovery from its downtrend. Improving RSI and MACD indicators currently signal reasonable entry level, in anticipation of continuous improvement in both momentum and trend in near term to lift price higher to subsequent resistance level of RM1.10. However, failure to hold on to support level of RM1.00 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 26 Oct 2018