Possible for upside for Vortex, says PublicInvest Research
KUALA LUMPUR (July 15): PublicInvest Research said Vortex Consolidated Bhd is showing initial signs of potential recovery from its consolidation phase.
In a trading ideas note toda, the research house said 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 18 sen be broken, it may continue to lift price higher to subsequent resistance level of 19 sen.
“However, failure to hold on to support level of 15.5 sen may indicate weakness in the share price and hence, a cut-loss signal,” it said.
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