PJDEV’s share price rose 10.0 sen and settled at RM2.04 yesterday. The sudden spike in daily trading volume coupled with positive crossover of MACD indicator and readings from Stochastic and RSI, we reckon that it is possible for the PJDEV to further extend its gain. Traders who look to buy into the stock could aim for an upside target of RM2.20, while setting a stop-loss just below the support level at RM1.92.
Source: Kenanga