Technical Buy: DSONIC-WA (5216WA)

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• Target Price: RM0.130
• Last closing price: RM0.105
• Potential return: 23.8%
• Support: RM0.100
• Stop Loss: RM0.085

Possible for bottom fishing. DSONIC-WA is showing signs of recovery from its consolidation phase. Improving MACD and bullish RSI indicators currently signal reasonable entry level, with anticipation of continuous improvement in both momentum and trend in near term. Should resistance level of RM0.110 be genuinely broken, it may continue to lift price higher to subsequent resistance level of RM0.130. Note that the maturity date of DSONIC-WA is on 5 July 2023.
However, failure to hold on to support level of RM0.100 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 12 Apr 2019

https://klse.i3investor.com/blogs/PublicInvest/202053.jsp