• Target Price: RM0.225, RM0.250
• Last closing price: RM0.205
• Potential return: 9.7%, 21.9%
• Support: RM0.190
• Stop Loss: RM0.170

Possible for bottom fishing. Well supported above its medium and short term EMA, MIKROMB is staging a potential recovery from its consolidation phase. Improving RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in near term. Should resistance level of RM0.210 be genuinely broken with renewed buying interest, it may continue to lift price higher to subsequent resistance levels of RM0.225 and RM0.250.

However, failure to hold on to support level of RM0.190 may indicate weakness in the share price and hence, a cut-loss signal.