PublicInvest Research

Technical Buy - NAIM (5073)

PublicInvest
Publish date: Thu, 22 Oct 2020, 09:57 AM
PublicInvest
0 11,294
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 RM0.935, RM1.00
  • Last closing price RM0.865
  • Potential return 8.0%, 15.6%
  • Support RM0.790
  • Stop Loss RM0.770

Possible for breakout. NAIM is staging a breakout of its sideways channel. 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 RM0.935 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance level of RM1.00.

However, failure to hold on to support level of RM0.790 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 22 Oct 2020

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Be the first to like this. Showing 6 of 6 comments

calvintaneng

Naim is a buy and hold

Hold tight

2020-10-22 10:47

Thiru1999

hold tight

2020-10-22 21:18

Thiru1999

volume traded more then maybank

2020-10-22 21:20

Mcaresdk91

best goreng stox for punters n ikan bilis.if traped can wait for dividen

2020-10-22 21:31

tips888

I AM SO HAPPY, STRIKE 300 LOT DIY, EXPECT TO GAIN 30K ON MONDAY.

2020-10-23 16:58

Keyman188

OMG...You kena JackPot....

So next week Keyman188 wants to see your show....

...............MR...........D......I............Y............

2020-10-23 17:05

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