Possible for bottom fishing. BONIA is attempting to break out of 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 RM0.300 be broken, it may continue to lift price higher to subsequent resistance level of RM0.325.
However, failure to hold on to support level of RM0.265 may indicate weakness in the share price and hence, a cut-loss signal.
Source: PublicInvest Research - 30 Apr 2019
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Created by PublicInvest | Nov 08, 2024
Created by PublicInvest | Nov 06, 2024
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2019-05-03 18:37