• Target Price: RM0.375, RM0.400
• Last closing price: RM0.330
• Potential return: 13.6%, 21.2%
• Support: RM0.310
• Stop Loss: RM0.280

Possible for further upside. RGB’s share price picked up on an uptrend after undergoing consolidation phase for the past two months. Both bullish 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 RM0.350 be genuinely broken, it may continue to lift price higher to the next resistance level of RM0.375 and RM0.400.

However, failure to hold at support level of RM0.310 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 2 May 2017