- Target Price: RM0.745, RM0.780
- Last closing price: RM0.705
- Potential return: 5.6%, 10.6%
- Support: RM0.670
- Stop Loss: RM0.635
Possible for further upside. OPCOM
is recovering from its consolidation phase. Improving RSI and MACD
indicators currently signal reasonable entry level, with anticipation of
continuous improvement in both momentum and trend in near term. Should
resistance level of RM0.745 be broken, it may continue to lift price
higher to subsequent resistance level of RM0.780.
However, failure to hold on to support level of RM0.670 may indicate weakness in the share price and hence, a cut-loss signal.
