• Target Price: RM0.425, RM0.450
• Last closing price: RM0.390
• Potential return: 8.9%, 15.3%
• Support: RM0.370
• Stop Loss: RM0.340

Possible for further upside. BJASSET is attempting to stage 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 immediate resistance level of RM0.410 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance levels of RM0.425 and RM0.450.

However, failure to hold on to support level of RM0.370 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 30 Mar 2021