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FTSE Bursa Malaysia KLCI (^KLSE) 1,646.53 14.83 (0.90%)
updated at: Wed, 09 Dec 2020, 05:25PM MYT

Possible for bullish recovery for Pos, says PublicInvest Research

POS
POS
Original Source From TheEdge Publish at Fri, 17 Jan 2020, 08:58AM

KUALA LUMPUR (Jan 17): PublicInvest Research said Pos Malaysia Bhd is staging a 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 RM1.58 be broken, it may continue to lift price higher to subsequent resistance levels of RM1.62 and RM1.70.

“However, failure to hold on to support level of RM1.50 may indicate weakness in the share price and hence, a cut-loss signal,” it said.

Top Participation View More
updated at: Fri, 29 May 2020 MYT
Participation (%)
Bought (MYR)
Sold (MYR)
Net
Foreign
( 24,36 % )
2.31 B 2.23 B 77.37 M
Local Institution
( 39,38 % )
3.66 B 3.67 B 0.00 B
Local Retail
( 36,26 % )
3.34 B 3.41 B -0.07 B