On the daily chart, the stock is in the short-term downtrend as it traded below the downtrend line. However, on the recent movement, the share price climb from the lowest of RM 2.00 on 25/4/2018. As the momentum indicator is pointing up and improving, we foresee the short-term bullish is coming. Our first target is peg at RM 2.29 and RM 2.33-36 as 2nd target. If the stock price can break and traded above the 2nd target, we believe this stocks have potential to soaring up.
Disclaimer: This is for Technical analysis study purposes only
Disclaimer: This is for Technical analysis study purposes only