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PublicInvest Research

Author: PublicInvest   |   Latest post: Thu, 26 Nov 2020, 11:22 AM

 

Technical Buy - MCT (5182)

Author:   |    Publish date:


  • Target Price RM0.190, RM0.200
  • Last closing price RM0.175
  • Potential return 8.5%, 14.2%
  • Support RM0.165
  • Stop Loss RM0.155

Possible for breakout. MCT is staging a potential breakout of its sideways channel. 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 RM0.190 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance levels of RM0.200.

However, failure to hold on to support level of RM0.165 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 20 Oct 2020

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Labels: MCT

Related Stocks

Chart Stock Name Last Change Volume 
MCT 0.165 0.00 (0.00%) 1,153,900 

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