Possible for bottom fishing. MEDIA is recovering from its prior downtrend. 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 RM0.305 be broken, it may continue to lift price higher to subsequent resistance levels of RM0.320 and RM0.340.
However, failure to hold on to support level of RM0.285 may indicate weakness in the share price and hence, a cut-loss signal.
Source: PublicInvest Research - 11 Dec 2019
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Why many fake news on SM buying FGV when actual is SM bought Media?
2019-12-11 09:34