CATCHA (0173-ACE, Telco & Media)

Catcha Digital Berhad is a Malaysia-based investment holding company, focused on operating businessesin the digital media, advertising and software industries. The Group’s wholly-owned subsidiary, Media Asia Sdn Bhd, is a digital media company that provides integrated advertising solutions to major brands in the fast-moving consumer goods, retail, property, entertainment and other industries in Malaysia.’

Poised for a downtrend line breakout; A successful breakout above 0.47 or 100d MA will lift share price higher towards 0.50-0.55 levels

✅Current price: RM0.45

✅Entry: RM0.43-0.455

✅Stop Loss: RM0.415

✅Resistance: RM0.50-0.55-0.59

✅Target price: RM0.50-0.55

✅Risk profile: Moderate

Source: Hong Leong Investment Bank Research - 27 Nov 2023