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Target price RM0.835, RM0.900
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Last closing price RM0.750
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Potential return 11.3%, 20.0%
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Support RM0.700
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Stop Loss RM0.675
Possible for further upside. Without creating new lower-low, the
recent retracement made a halt and REV’s share price is now forming a
new support base. Putting “buy the dips” strategy into practice, easing
RSI and MACD indicators currently signal reasonable entry level. Should
the price rebound further and the resistance level of RM0.755 be
genuinely broken, it may continue to lift price higher to the subsequent
resistance levels of RM0.835 and RM0.900. However, failure to hold onto
support level of RM0.700 may indicate weakness in the share price and
hence, a cut-loss signal
Source: PublicInvest Research - 5 Jul 2017
http://klse.i3investor.com/blogs/PublicInvest/126767.jsp
