Technical Buy: HUMEIND (5000)

• Target Price: RM0.870, RM0.905
• Last closing price: RM0.785
• Potential return: 10.8%, 15.2%
• Support: RM0.700
• Stop Loss: RM0.680

Possible for further upside. HUMEIND surged together with relatively high trading volume yesterday. 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 RM0.800 be broken, it may continue to lift price higher to subsequent resistance levels of RM0.870 and RM0.905.
However, failure to hold on to support level of RM0.700 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 3 May 2019

https://klse.i3investor.com/blogs/PublicInvest/204873.jsp