HLBank Research Highlights

Momentum Idea: Staging strong technical rebound - CUSCAPI (RM0.22/Vol:10.2m)

HLInvest
Publish date: Mon, 20 Apr 2015, 10:51 AM
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This blog publishes research reports from Hong Leong Investment Bank

  • Cus capi Berhad’s products include software, hardware, software implementation and support services, hardware preventive maintenance and remedial services, network sales and services, and customized software interface development services.
  • Share price is expected to stage a strong rebound as white candlestick in the region of Upper-Bollinger band on 17 Apr 2015 suggested potential technical rebound in immediate term. In addition, “Pos itive Divergence” on daily chart also provided ammunition to the technical rebound.
  • Coupled with upside momentum from RSI, MACD and Slow Stochastics as well as improved volume, we are targeting at RM0.24 and RM0.255 (200-d SMA), with a long-term objective of RM0.27. Supports are located at RM0.215 and RM0.205. Cut loss below RM0.20.

Source: Hong Leong Investment Bank Research - 20 Apr 2015

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