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PublicInvest Research

Author: PublicInvest   |   Latest post: Tue, 1 Dec 2020, 10:01 AM

 

Technical Buy - MCT (5182)

Author:   |    Publish date:


  • Target Price: RM0.365, RM0.385
  • Last closing price: RM0.330
  • Potential return: 10.6%, 16.6%
  • Support: RM0.315
  • Stop Loss: RM0.300

Possibility of breaking out. MCT is attempting for a 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 near term. Should resistance level of RM0.365 be broken, it may continue to lift price higher to subsequent resistance level of RM0.385.

However, failure to hold on to support level of RM0.315 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 22 Jan 2020

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Labels: MCT

Related Stocks

Chart Stock Name Last Change Volume 
MCT 0.17 0.00 (0.00%) 4,024,000 

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