Technical Buy - MIKROMB (0112)

• Target Price: RM0.220, RM0.230
• Last closing price: RM0.205
• Potential return: 7.3%, 12.1%
• Support: RM0.195
• Stop Loss: RM0.185

Possible for further upside. MIKROMB is attempting to pick up its prior uptrend. Corresponding RSI and MACD indicators remain healthy while trending sideways, with anticipation of continuous improvement in both momentum and trend in the near term. Should resistance level of RM0.220 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance level of RM0.230.
However, failure to hold on to support level of RM0.195 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 6 Aug 2020

https://klse.i3investor.com/blogs/PublicInvest/2020-08-06-story-h1511559615-Technical_Buy_MIKROMB_0112.jsp