PublicInvest Research

Technical Sell - MUDAJYA (5085)

PublicInvest
Publish date: Wed, 19 Feb 2020, 09:44 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: RM0.405
  • Last closing price: RM0.475
  • Potential downside: -14.7%

Upside may be capped. MUDAJYA’s share price is forming a rounding top, signifying possible halt in prior rally. 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 RM0.465 be broken, it may continue to drive price lower to subsequent support level of RM0.405.

Source: PublicInvest Research - 19 Feb 2020

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johnny cash

Maybe earning report coming is not good

2020-02-23 00:26

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