Technical Buy - AHB (7315) - PublicInvest Research

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Author: PublicInvest | Latest post: Tue, 16 Apr 2024, 12:14 PM

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Technical Buy - AHB (7315)

Author: PublicInvest | Publish date: Wed, 3 Aug 2022, 8:56 AM

Target Price: RM0.160, RM0.175
Last closing price: RM0.145
Potential return: 10.3%, 20.6%
Support: RM0.140
Stop Loss: RM0.130

Possible for sideways breakout. AHB is potentially staging a breakout from sideways breakout, with anticipation of continuous improvement in both momentum and trend in the near term. Should immediate resistance level of RM0.160 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance level of RM0.175.

However, failure to hold on to support level of RM0.140 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 3 Aug 2022

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Labels: AHB

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Chart	Stock Name	Last	Change	Volume
	AHB	0.13	-0.005 (3.70%)	6,435,600

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