Possible for some upside. Failing to make new low amid market weakness, HIBISCS’s price could be poised for some upside following recent pullback. 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 RM0.860 be broken, it may continue to lift price higher to subsequent resistance levels of RM0.910 and RM0.940.
However, failure to hold onto support level of RM0.820 may indicate weakness in the share price and hence, a cut-loss signal.
Source: PublicInvest Research - 27 Mar 2018
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Created by PublicInvest | Nov 22, 2024
Don't get cheated by Technical Analysis (Case Study: Nanyang Newspaper's Stock Analysis on HengYuan), TA become a joke in HengYuan.
http://klse.i3investor.com/blogs/happyinvest/152067.jsp
2018-03-28 13:21
michaelwong
When public investment ask you to buy,you must sell and not be conned by them.when they asked you sell you buy
2018-03-28 09:45