PublicInvest Research
Technical Sell: BINACOM (0195)
PublicInvest
Publish date: Tue, 18 Feb 2020, 09:03 AM
PublicInvest
0 11,192
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
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 RM0.460
- Last closing price RM0.520
- Potential downside -11.5%
Upside may be capped. BINACOM’s share price formed a bearish engulfing candlestick pattern yesterday, signifying possible halt in its prior uptrend. Weakening RSI and fast-paced MACD indicators currently signal an exit to sell into strength, anticipating performance in momentum and trend to remain weak in near term. Should support level of RM0.500 be broken, it may continue to drive price lower to subsequent support level of RM0.460.
Source: PublicInvest Research - 18 Feb 2020
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Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
calvintaneng
Public Research getting from bad to worst after Tan Sri Teh Hoong Peow retired
Last year public Research totally missed Ogse bull run stocks of dayang, naim, carimin, penergy, Uzma and velesto
And a terror for public Research to downgrade Uzma till 55 sen which contrarian Calvin bought.
Calvin later made 100% from Uzma when it touched Rm1.10
And this year public Research totally missed Nfcp bull run stocks of Netx, binacom, redtone, Opcom, cmsb and others
Now that binacom is under profit taking it comes out to downgrade it
No wonder public bank share price has been going down and down
So dear analyst of public Research please wake up
2020-02-18 23:41