Technical Buy - BSTEAD (2771)

• Target Price: RM0.730, RM0.800
• Last closing price: RM0.665
• Potential return: 9.7%, 20.3%
• Support: RM0.640
• Stop Loss: RM0.595

Possible for further upside. BSTEAD is potentially staging a stronger rebound following recent pullback. Slightly improved 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 RM0.730 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance level of RM0.800.
However, failure to hold on to support level of RM0.640 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-h1511559614-Technical_Buy_BSTEAD_2771.jsp