• Target Price: RM0.285, RM0.310
• Last closing price: RM0.250
• Potential return: 14.0%, 24.0%
• Support: RM0.250
• Stop Loss: RM0.220

Possible for sideways breakout. INSAS-WC is potentially staging a breakoutfrom its sideways breakout, with anticipation of continuous improvement in bothmomentum and trend in the near term. Should immediate resistance level ofRM0.285 be broken with renewed buying interest, it may continue to lift pricehigher to subsequent resistance level of RM0.310. Note that the maturity date ofINSAS-WC is on 28 Feb 2026.

However, failure to hold on to support level of RM0.250 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 9 Apr 2024