Excerpt from CGS International report.
Report Summary
- Stock Focus: MoneyMax Financial Services Ltd
- Action: Technical Buy (Add-on recommendation)
- Current Price: S\$0.850
- Target Prices: S\$1.06, S\$1.18, S\$1.22, S\$1.30
- Key Idea: Uptrend is strong and sturdy, with technical indicators (uptrend channel, bullish break, Ichimoku, MACD, volume) supporting continued upside momentum.
- Support Levels: S\$0.808, S\$0.535
- Stop Loss: S\$0.570
- Rationale: Bullish technical setup confirmed by multiple indicators; price action remains strong. Recommendation to add to position following a 36% increase since last trendspotter call.
above is an excerpt from a report by CGS International. Clients of CGS International can be the first to access the full report from the CGS International website : https://www.cgs-cimb.com
