Type something and hit enter


  • Target Price: RM0.410
  • Last closing price: RM0.360
  • Potential return: 13.8%
  • Support: RM0.345
  • Stop Loss: RM0.335
Possible for further upside. SANBUMI is showing signs of potential breakout from its sideways channel. Improving MACD and RSI indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in near term. Should resistance level of RM0.375 be genuinely broken, it may continue to lift price higher to subsequent resistance level of RM0.410.
However, failure to hold on to support level of RM0.345 may indicate weakness in the share price and hence, a cut-loss signal.
Source: PublicInvest Research - 16 Apr 2019
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