Technical Buy: TAMBUN (5191)

• Target Price: RM0.900
• Last closing price: RM0.810
• Potential return: 11.1%
• Support: RM0.785
• Stop Loss: RM0.760

Possible for bottom fishing. TAMBUN is recovering 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 RM0.835 be broken, it may continue to lift price higher to subsequent resistance level of RM0.900.
However, failure to hold on to support level of RM0.785 may indicate weakness in the share price and hence, a cut-loss signal.

Source: PublicInvest Research - 11 Apr 2019

https://klse.i3investor.com/blogs/PublicInvest/201936.jsp