- Target Price: RM0.135, RM0.145
- Last closing price: RM0.120
- Potential return: 12.5%, 20.8%
- Support: RM0.120
- Stop Loss: RM0.105
Possible for trend reversal. AHB 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 RM0.135 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance level of RM0.145.
However, failure to hold on to support level of RM0.120 may indicate weakness in the share price and hence, a cut-loss signal.
Source: PublicInvest Research - 5 Jan 2023