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PublicInvest Research

Author: PublicInvest   |   Latest post: Fri, 22 Jan 2021, 10:40 AM

 

Technical Buy- SENDAI (5205)

Author:   |    Publish date:


 

  • Target Price: RM0.330, RM0.345
  • Last closing price: RM0.310
  • Potential return: 6.4%, 11.2%
  • Support: RM0.295
  • Stop Loss: RM0.285

Possible for chart pattern breakout. SENDAI is staging a potential breakout from its current sideways channel. Slightly improved RSI and MACD indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in the near term. Should resistance level of RM0.320 be genuinely broken with renewed buying interest, it may continue to lift price higher to subsequent resistance levels of RM0.330 and RM0.345.

However, failure to hold on to support level of RM0.295 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 25 Jun 2020

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Labels: SENDAI

Related Stocks

Chart Stock Name Last Change Volume 
SENDAI 0.255 +0.005 (2.00%) 139,500 

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