- Target Price: RM0.825, RM0.850
- Last closing price: RM0.770
- Potential return: 7.1%, 10.3%
- Support: RM0.730
- Stop Loss: RM0.705
Possible for further upside. HUMEIND
is staging a potential breakout from its sideways channel. 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 RM0.785 be broken, it may continue
to lift price higher to subsequent resistance levels of RM0.825 and
RM0.850.
However, failure to hold on to support level of RM0.730 may indicate weakness in the share price and hence, a cut-loss signal.
