Technical Analysis
150 MA bullish
50 MA 30 MA bearish
MACD strong bearish
RSI strong bearish
Support point (1) 4.55 & Support Point (2) 4.36
Resistance point (1) 4.73 & Resistance point (2) 4.82
Fundamental analysis
DY 4.48%
Continuous profitable quarter for 10 years
ROE > 15%
Stable Dividend Payout
Strategic
Recent Net profit fall 14.7% caused strong sell off in the market
Huge shares sell off by KUMPULAN WANG PERSARAAN (DIPERBADANKAN)
EMPLOYEES PROVIDENT FUND BOARD supported with buy in more than 6,388,700 unit shares from 10/07/2017
There are not support force shown in intraday charting
Waiting a turning point signal confirmation to buy in.
Safe zone to buy in and hold long term at or below 4.59, 4.55 or 4.36