Possible for bottom fishing. SASBADI is recovering from 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 RM0.250 be broken, it may continue to lift price higher to subsequent resistance level of RM0.270.
However, failure to hold on to support level of RM0.225 may indicate weakness in the share price and hence, a cut-loss signal.
Source: PublicInvest Research - 8 Mar 2019
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Created by PublicInvest | Nov 22, 2024
WangLingxin
good analysis.thx
2019-03-08 10:56