Technical Buy - POS (4634)

• Target Price RM2.03, RM2.10
• Last closing price RM1.92
• Potential return 5.7%, 9.3%
• Support RM1.86
• Stop Loss RM1.81

Possible for bottom fishing. POS is showing potential signs of recovery 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 RM1.95 be broken, it may continue to lift price higher to subsequent resistance levels of RM2.03 and RM2.10. However, failure to hold on to support level of RM1.86 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 10 Apr 2019