PublicInvest Research
Technical Buy - NAIM (5073)
PublicInvest
Publish date: Thu, 22 Oct 2020, 09:57 AM
PublicInvest
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An official blog in I3investor to publish research reports provided by PublicInvest Research team.
All materials published here are prepared by Public Investment Bank Berhad. For latest offers on Public Invest trading products and news, please refer to: https://www.publicinvestbank.com.my/pbswecos/default.asp
PUBLIC INVESTMENT BANK BERHAD (20027-W)
9th Floor, Bangunan Public Bank
6, Jalan Sultan Sulaiman, 50000 Kuala Lumpur
T 603 2031 3011 | F 603 2272 3704 | Dealing Line 603 2260 6718
All materials published here are prepared by Public Investment Bank Berhad. For latest offers on Public Invest trading products and news, please refer to: https://www.publicinvestbank.com.my/pbswecos/default.asp
PUBLIC INVESTMENT BANK BERHAD (20027-W)
9th Floor, Bangunan Public Bank
6, Jalan Sultan Sulaiman, 50000 Kuala Lumpur
T 603 2031 3011 | F 603 2272 3704 | Dealing Line 603 2260 6718
- Target Price RM0.935, RM1.00
- Last closing price RM0.865
- Potential return 8.0%, 15.6%
- Support RM0.790
- Stop Loss RM0.770
Possible for breakout. NAIM is staging a breakout of its sideways channel. Corresponding RSI and MACD indicators remain healthy while trending sideways, with anticipation of continuous improvement in both momentum and trend in the near term. Should resistance level of RM0.935 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance level of RM1.00.
However, failure to hold on to support level of RM0.790 may indicate weakness in the share price and hence, a cut-loss signal.
Source: PublicInvest Research - 22 Oct 2020
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2020-10-22 21:31
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
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Naim is a buy and hold
Hold tight
2020-10-22 10:47