PublicInvest Research

Technical Buy - RGTECH (0202)

PublicInvest
Publish date: Tue, 13 Nov 2018, 10:07 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 RM0.330, RM0.365

Last closing price RM0.310

Potential return 6.4%, 17.7%

Support RM0.280

Stop Loss RM0.260

Possible for bottom fishing. RGTECH is showing signs of recovery from its consolidation phase. Improving RSI and MACD indicators currently signal reasonable entry level, with anticipation that continuous improvement in both momentum and trend in near term. Should resistance level of RM0.330 be broken, it may continue to lift price higher to subsequent resistance level of RM0.365. However, failure to hold on to support level of RM0.280 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 13 Nov 2018

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Be the first to like this. Showing 2 of 2 comments

strong_sink

hahahaha technical buy and then panic sell hahahaha

2018-11-13 10:29

ColaBear

Aiyooo

2018-11-13 18:08

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