PublicInvest Research

Technical Buy - DFX (0131)

PublicInvest
Publish date: Fri, 13 Dec 2024, 09:20 AM
PublicInvest
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An official blog in I3investor to publish research reports provided by PublicInvest Research team.

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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

Technical chart: DFX

  • Target Price: RM0.140, RM0.155
  • Last closing price: RM0.130
  • Potential return: 7.6%, 19.2%
  • Support: RM0.125
  • Stop Loss: RM0.110

Possible for trend reversal. DFX is potentially staging a breakaway from its downtrend, with anticipation of continuous improvement in both momentum and trend in the near term. Should immediate resistance level of RM0.140 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance level of RM0.155. However, failure to hold on to support level of RM0.125 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 13 Dec 2024

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