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PublicInvest Research

Author: PublicInvest   |   Latest post: Fri, 27 Nov 2020, 11:04 AM

 

Technical Buy - NAIM (5073)

Author:   |    Publish date:


  • Target Price RM0.935, RM1.00
  • Last closing price RM0.865
  • Potential return 8.0%, 15.6%
  • Support RM0.790
  • Stop Loss RM0.770

Possible for breakout. NAIM is staging a 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 RM0.935 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance level of RM1.00.

However, failure to hold on to support level of RM0.790 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 22 Oct 2020

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Labels: NAIM

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Chart Stock Name Last Change Volume 
NAIM 0.79 -0.01 (1.25%) 3,694,800 

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calvintaneng Naim is a buy and hold

Hold tight
22/10/2020 10:47 AM
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22/10/2020 9:18 PM
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22/10/2020 9:20 PM
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22/10/2020 9:31 PM
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23/10/2020 4:58 PM
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23/10/2020 5:05 PM


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