PublicInvest Research

Trading Buy - HUPSENG (5024)

PublicInvest
Publish date: Fri, 26 Oct 2018, 09:48 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

Target Price RM1.10

Last closing price RM1.02

Potential return 7.8%

Support RM1.00

Stop Loss RM0.985

Possible for bottom fishing. HUPSENG is showing signs of recovery from its downtrend. Improving RSI and MACD indicators currently signal reasonable entry level, in anticipation of continuous improvement in both momentum and trend in near term to lift price higher to subsequent resistance level of RM1.10. However, failure to hold on to support level of RM1.00 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 26 Oct 2018

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moven00

Pundeklah Aku!

2018-10-27 12:56

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