PublicInvest Research
Technical Buy: SAPNRG (5218)
PublicInvest
Publish date: Fri, 14 Sep 2018, 09:42 AM
PublicInvest
0 11,450
An official blog in I3investor to publish research reports provided by PublicInvest Research team.
All materials published here are prepared by Public Investment Bank Berhad. For latest offers on Public Invest trading products and news, please refer to: https://www.publicinvestbank.com.my/pbswecos/default.asp
PUBLIC INVESTMENT BANK BERHAD (20027-W)
9th Floor, Bangunan Public Bank
6, Jalan Sultan Sulaiman, 50000 Kuala Lumpur
T 603 2031 3011 | F 603 2272 3704 | Dealing Line 603 2260 6718
All materials published here are prepared by Public Investment Bank Berhad. For latest offers on Public Invest trading products and news, please refer to: https://www.publicinvestbank.com.my/pbswecos/default.asp
PUBLIC INVESTMENT BANK BERHAD (20027-W)
9th Floor, Bangunan Public Bank
6, Jalan Sultan Sulaiman, 50000 Kuala Lumpur
T 603 2031 3011 | F 603 2272 3704 | Dealing Line 603 2260 6718
- Target Price: RM0.500, RM0.550
- Last closing price: RM0.445
- Potential return: 12.3%, 23.5%
- Support: RM0.390
- Stop Loss: RM0.355
Possible for upside. SAPNRG is recovering from its sharp drop in share price. Improving RSI and MACD indicators currently signal reasonable entry level, in anticipation of continuous improvement in both momentum and trend in near term. Should resistance level of RM0.500 be broken, it may continue to lift price higher to subsequent resistance level of RM0.550.
However, failure to hold on to support level of RM0.390 may indicate weakness in the share price and hence, a cut-loss signal.
Source: PublicInvest Research - 14 Sept 2018
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Morgan Stanley upgrades Malaysia stocks to equalweight | http://www.klsescreener.com/v2/news/view/430020
2018-09-15 00:02
When ppl start talking about the stock.. time to sell
I may be wrong here..
2018-09-15 00:10
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