PublicInvest Research
Technical Buy - ASTRO (6399)
PublicInvest
Publish date: Mon, 22 Oct 2018, 09:00 AM
PublicInvest
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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: RM1.53, RM1.63
- Last closing price: RM1.40
- Potential return: 9.2%, 16.4%
- Support: RM1.36
- Stop Loss: RM1.30
Possible for bottom fishing. An uptick in price and volume was seen for ASTRO last Friday, while potentially forming a double bottom chart pattern. Improving fast paced weekly MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in near term. Should resistance level of RM1.53 be broken, it may continue to lift price higher to subsequent resistance level of RM1.63.
However, failure to hold on to support level of RM1.36 may indicate weakness in the share price and hence, a cut-loss signal.
Source: PublicInvest Research - 22 Oct 2018
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CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
ks55
Haha..
Come out to cheat again.
Trust this anal-list, he will bring you to holland.
His TP always moving south lah...........
2018-10-22 09:53