• Target Price: RM0.350, RM0.380

• Last closing price: RM0.330

• Potential return: 6.0%, 15.1%

• Support: RM0.315

• Stop Loss: RM0.290

Possible for chart pattern breakout. BJCORP is potentially staging a breakout from its descending triangle chart pattern, with anticipation of continuous improvement in both momentum and trend in the near term. Should immediate resistance level of RM0.350 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance level of RM0.380. However, failure to hold on to support level of RM0.315 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 6 Nov 2024