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Target Price: RM0.185, RM0.200
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Last closing price: RM0.165
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Potential return: 12.1%, 21.2%
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Support: RM0.155
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Stop Loss: RM0.145
Possible for bottom fishing. FINTEC formed a descending triangle
and presents a possible range trading opportunity. 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 RM0.170 be broken, it may continue
to lift price higher to the subsequent resistance levels of RM0.185 and
RM0.200.
However, failure to hold on to support level of RM0.155 may indicate weakness in the share price and hence, a cut-loss signal.
Source: PublicInvest Research - 4 Jan 2018
http://klse.i3investor.com/blogs/PublicInvest/143186.jsp
