Possible for bottom fishing. JOHAN is showing signs of recovery from its consolidation phase. 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 RM0.120 be broken, it may continue to lift price higher to subsequent resistance level of RM0.130.
However, failure to hold on to support level of RM0.090 may indicate weakness in the share price and hence, a cut-loss signal.
Source: PublicInvest Research - 18 Jan 2019
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2fast4u
will keep a close eye on johan
2019-01-18 12:01