• Target Price: RM0.595, RM0.620
• Last closing price: RM0.560
• Potential return: 6.2%, 10.7%
• Support: RM0.540
• Stop Loss: RM0.515

Possible for recovery. PRLEXUS is staging a recovery from its prior downtrend. Corresponding RSI and MACD indicators remain healthy while trending sideways, with anticipation of continuous improvement in both momentum and trend in the near term. Should resistance level of RM0.595 be genuinely broken with renewed buying interest, it may continue to lift price higher to subsequent resistance levels of RM0.620.

However, failure to hold on to support level of RM0.540 may indicate weakness in the share price and hence, a cut-loss signal

Source: PublicInvest Research - 7 Jul 2020