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PublicInvest Research

Author: PublicInvest   |   Latest post: Fri, 19 Apr 2024, 10:32 AM

An official blog in I3investor to publish research reports provided by PublicInvest Research team.

All materials published here are prepared by Public Investment Bank Berhad. For latest offers on Public Invest trading products and news, please refer to: https://www.publicinvestbank.com.my/pbswecos/default.asp

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Technical Buy - SALCON (8567)

Author:   |    Publish date:

  • Target Price: RM0.170, RM0.185
  • Last closing price: RM0.160
  • Potential return: 6.2%, 15.6%
  • Support: RM0.155
  • Stop Loss: RM0.140

Possible for trend reversal. SALCON is potentially staging a breakaway from its prior downtrend, with anticipation of continuous improvement in both momentum and trend in the near term. Should immediate resistance level of RM0.170 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance level of RM0.185.

However, failure to hold on to support level of RM0.155 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 26 Oct 2022

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Labels: SALCON

Related Stocks

Chart Stock Name Last Change Volume 
SALCON 0.295 -0.01 (3.28%) 4,633,300 

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