• Target Price: RM0.270, RM0.300
• Last closing price: RM0.250
• Potential return: 8.0%, 20.0%
• Support: RM0.235
• Stop Loss: RM0.210

Possible for sideways breakout. RGTBHD is potentially staging a breakoutfrom its sideways channel, with anticipation of continuous improvement in bothmomentum and trend in the near term. Should immediate resistance level ofRM0.270 be broken with renewed buying interest, it may continue to lift pricehigher to subsequent resistance level of RM0.300.

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

Source: PublicInvest Research - 23 Nov 2023