Possible for upside in Sasbadi, says PublicInvest Research
KUALA LUMPUR (Oct 10): PublicInvest Research said Sasbadi Holdings Bhd is re-attempting to break out of its consolidation phase.
In a trading ideas note today, 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 18.5 sen be broken, it may continue to lift price higher to subsequent resistance level of 19.5 sen and 20.5 sen.
“However, failure to hold on to support level of 16.5 sen may indicate weakness in the share price and hence, a cut-loss signal,” it said.
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