BUY with a target price of RM1.09 and stoploss at RM0.73. Last Friday, the stock penetrated the breakout level of RM0.835 and closed higher at RM0.84 to keep the bullish momentum. This is supported by the DMI’s bullish crossover and is consistent with the uptick in the RSI which suggests stronger buying momentum ahead. We peg our targets at RM0.995 and RM1.09 in the near to medium term.
Expected Timeframe: 2 weeks to 2 months
Chart | Stock Name | Last | Change | Volume |
---|
Created by UOBKayHian | Aug 26, 2022
Created by UOBKayHian | Feb 24, 2022
Created by UOBKayHian | Dec 13, 2021
Created by UOBKayHian | Jul 12, 2021
Created by UOBKayHian | Jan 29, 2020