Rakuten Trade Research Reports

Author: rakutentrade   |   Latest post: Tue, 23 Apr 2019, 11:02 AM


Technical View - Aturmaju Resources Bhd (ATURMJU, 7181)

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Aturmaju Resources Bhd (7181) 

  • ATURMJU rose 4 sen or 12.31% to close at RM0.365 yesterday.
  • Yesterday's price closed higher with bullish white candle on the back of higher than average volume after their recent pullback.
  • We believe the share price is at the early stage of rebounding as the company has returned to profitability as evidenced in the past 2 quarters with the entry of new shareholders and rejuvenated management
  • Resistance levels are expected at RM0.515 (R1) and further to RM0.600 (R2).
  • Conversely, support levels can be found at RM0.280 (S1) and RM0.275 (S2).

Source: Rakuten Research - 15 Mar 2019

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