Thursday 28 Mar 2024
By
main news image

KUALA LUMPUR (April 19): Public Investment Bank Research said AppAsia Bhd is showing signs of potential recovery from its consolidation phase.

In a trading ideas note today, the research house said 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 11 sen be broken, it may continue to lift price higher to subsequent resistance level of 12.5 sen.

“However, failure to hold on to support level of 9.5 sen may indicate weakness in the share price and hence, a cut-loss signal,” it said.

      Print
      Text Size
      Share