Highlights

PublicInvest Research

Author: PublicInvest   |   Latest post: Tue, 11 Aug 2020, 6:17 PM

 

Technical Buy- LUXCHEM (5143)

Author:   |    Publish date:


  • Target Price: RM0.760, RM0.790
  • Last closing price: RM0.715
  • Potential return: 6.2%, 10.4%
  • Support: RM0.690
  • Stop Loss: RM0.665

Possible for sideways breakout. LUXCHEM remained resilient while trending sideways. Corresponding RSI and MACD indicators remain healthy while trending sideways, with anticipation of continuous improvement in both momentum and trend in the near term. Should resistance level of RM0.760 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance level of RM0.790.

However, failure to hold on to support level of RM0.690 may indicate weakness in the share price and hence, a cut-loss signal

Source: PublicInvest Research - 10 Jul 2020

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Labels: LUXCHEM

Related Stocks

Chart Stock Name Last Change Volume 
LUXCHEM 0.99 0.00 (0.00%)

  Be the first to like this.
 
DickyMe Technical buy call for 8 sen ???

Seems like Public Bank analyst advocate scalping for peanut.
16/07/2020 11:47 AM


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