• Target Price: RM0.270, RM0.285
• Last closing price: RM0.250
• Potential return: 8.0%, 14.0%
• Support: RM0.235
• Stop Loss: RM0.220

Possible for further upside. ACO is staging a potential breakout from its sideways channel. Slightly improved RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in the near term. Should resistance level of RM0.270 be genuinely broken with renewed buying interest, it may continue to lift price higher to subsequent resistance level of RM0.285.

However, failure to hold on to support level of RM0.235 may indicate weakness in the share price and hence, a cut-loss sig

Source: PublicInvest Research - 28 Apr 2020