Posted by maxstore769 > 2020-11-24 14:36 | Report Abuse

Target Price: RM0.200, RM0.215
Last closing price: RM0.175
Potential return: 14.2%, 22.8%
Support: RM0.160
Stop Loss: RM0.145
Possible for sideways breakout. SEALINK is staging a potential breakout from its sideways channel. Improving RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in the near term. Should immediate resistance level of RM0.185 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance levels of RM0.200 and RM0.215.

However, failure to hold on to support level of RM0.160 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 24 Nov 2020