• Target Price RM0.165, RM0.185
• Last closing price: RM0.150
• Potential return: 10.0%, 23.3%
• Support: RM0.135
• Stop Loss: RM0.120

Possible for trend reversal. Without making new low, OMESTI is potentiallystaging a breakaway from its recent retracement, with anticipation of continuousimprovement in both momentum and trend in the near term. Should immediateresistance level of RM0.165 be broken with renewed buying interest, it maycontinue to lift price higher to subsequent resistance level of RM0.185.

However, failure to hold on to support level of RM0.135 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 7 Aug 2024