- Target Price: RM0.260, RM0.290
- Last closing price: RM0.240
- Potential return: 8.3%, 20.8%
- Support: RM0.225
- Stop Loss: RM0.210
Possible for bottom fishing. CUSCAPI
is staging for a potential recovery from its consolidation phase.
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 RM0.260 be broken, it may
continue to lift price higher to subsequent resistance level of
RM0.290.
However, failure to hold on to support level of RM0.225 may indicate weakness in the share price and hence, a cut-loss signal.
