• Target Price: RM0.295, RM0.310
• Last closing price: RM0.265
• Potential return: 11.3%, 16.9%
• Support: RM0.235
• Stop Loss: RM0.230

Possible for further upside. Without creating new lower-low, the recent retracement made a halt and PWORTH’s share price is now forming a new support base. Bullish RSI and MACD indicators currently signal reasonable entry level. Should the price rebound further and the resistance level of RM0.275 be genuinely broken, it may continue to lift price higher to the subsequent resistance levels of RM0.295 and RM0.310.

However, failure to hold onto support level of RM0.235 may indicate weakness in the share price and hence, a cut-loss signa

Source: PublicInvest Research - 4 Jul 2017