PublicInvest Research
Technical Buy - OMH (5298)
PublicInvest
Publish date: Thu, 16 Nov 2023, 09:45 AM
PublicInvest
0 10,811
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: RM1.60, RM1.69
- Last closing price: RM1.51
- Potential return: 5.9%, 11.9%
- Support: RM1.45
- Stop Loss: RM1.38
Possible for sideways breakout. OMH is potentially staging a breakout from itssideways channel, with anticipation of continuous improvement in bothmomentum and trend in the near term. Should immediate resistance level ofRM1.60 be broken with renewed buying interest, it may continue to lift pricehigher to subsequent resistance level of RM1.69.
However, failure to hold on to support level of RM1.45 may indicate weakness in the share price and hence, a cut-loss signal.
Source: PublicInvest Research - 16 Nov 2023
Related Stocks
| Chart | Stock Name | Last | Change | Volume |
|---|
Market Buzz
More articles on PublicInvest Research
Chin Teck Plantations - Bolstered by Lower CPO Production Cost
Created by PublicInvest | Apr 26, 2024
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment
Featured Posts
Apps
Top Articles
1
2
save malaysia!
4
Good Articles to Share
5
Good Articles to Share
6
BFM Podcast
7
BFM Podcast
8
Good Articles to Share
Gen AI is less efficient than crypto: Early #facebook investor #shorts
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
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....
