Komarkcorp Stock Code: 7017 (KOMA MK)
Last price : RM0.55 Target price : RM0.655, RM0.71
Support : RM0.485 Stop loss : RM0.48
BUY with a target price of RM0.71 and stop loss below RM0.48. Based on the daily chart, the stock managed to penetrate from the breakout level of RM0.555 on yesterday’s movement. We expect KOMA will continue to form a higher high and higher low towards the previous high of RM0.66. This is supported by the bullish crossover on the MACD and DMI which also show positive signals with high volume that suggests an increase in buying momentum.
Expected Timeframe: 2 weeks to 2 months
Komarkcorp is a self-adhesive label converter and is known to be the only automatic labelling machine (ALM) manufacturer in South East Asia. It specialises in printing all types of labels (prime secondary fabric retail and tag) and designs and manufactures its own labelling machines under the house brand KOMARK.