CUSCAPI (0051) - Cuscapi expected to stage strong rebound, says HLIB Research
April 20, 2015 : 8:37 AM MYT
KUALA LUMPUR (April 20): Hong Leong IB Research said Cuscapi Bhd ’s share price is expected to stage a strong rebound with a long-term target price objective of 27 sen.
In a note today, the research house said due to a white candlestick in the region of Upper-Bollinger band and a “Positive Divergence” on daily chart provided ammunition to the technical rebound.
“We are targeting at 24 sen and 25. 5 sen, with a long-term objective of 27 sen.
“Supports are located at 21.5 sen and 20. 5 sen. Cut loss below 20 sen,” it said.
http://www.theedgemarkets.com
April 20, 2015 : 8:37 AM MYT
KUALA LUMPUR (April 20): Hong Leong IB Research said Cuscapi Bhd ’s share price is expected to stage a strong rebound with a long-term target price objective of 27 sen.
In a note today, the research house said due to a white candlestick in the region of Upper-Bollinger band and a “Positive Divergence” on daily chart provided ammunition to the technical rebound.
“We are targeting at 24 sen and 25. 5 sen, with a long-term objective of 27 sen.
“Supports are located at 21.5 sen and 20. 5 sen. Cut loss below 20 sen,” it said.
http://www.theedgemarkets.com
