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PublicInvest Research

Author: PublicInvest   |   Latest post: Fri, 15 Jan 2021, 10:38 AM

 

TECHNICAL BUY - HIAPTEK (5072)

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Target Price RM0.245. RM0.260
Last closing price RM0.220
Potential return 11.3%, 18.1%
Support RM0.205
Stop Loss
RM0.195

Possible for upside. HIAPTEK is attempting to pick up on its prior uptrend. Improving RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in near term. Should resistance level of RM0.230 be broken, it may continue to lift price higher to subsequent resistance levels of RM0.245 and RM0.260.

However, failure to hold on to support level of RM0.205 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 30 Dec 2019

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Labels: HIAPTEK

Related Stocks

Chart Stock Name Last Change Volume 
HIAPTEK 0.395 -0.015 (3.66%) 22,834,800 

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