Courts broke its recent low of RM 0.82

On July 21, I've recommended Courts as a Long Term BUY based on break-up valuation at RM1.12. The stock has recently made a new low of RM0.79/0.80, which is marginally lower than the recent low (support) of RM0.82. As Courts was not a BUY call based technical consideration, I shall maintain my recommendation for this stock. Nevertheless, I like to point out that a break below RM0.80 may bring forth further selling.

















Chart 1: Courts' daily chart as at August 17

















Chart 2: Courts' weekly chart as at August 17