Technical Buy - SUNZEN (0148)

• Target Price: RM0.175, RM0.185
• Last closing price: RM0.155
• Potential return: 12.9%, 19.3%
• Support: RM0.150
• Stop Loss: RM0.135

Possible for further upside. SUNZEN is attempting to resume its prior uptrend following recent pullback. 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 RM0.175 be broken, it may continue to lift price higher to subsequent resistance level of RM0.185.
However, failure to hold on to support level of RM0.150 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 4 Aug 2020

https://klse.i3investor.com/blogs/PublicInvest/2020-08-04-story-h1511528742-Technical_Buy_SUNZEN_0148.jsp