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Rakuten Trade Research Reports

Author: rakutentrade   |   Latest post: Wed, 22 Jan 2020, 12:07 PM

 

Technical View - Johore Tin Bhd (JOHOTIN, 7167)

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Johore Tin Bhd (7167)

• JOHOTIN rose 11 sen or 6.5% to RM1.81 yesterday.

• Share price continue to be supported by higher trading volume and is now trading above all leading moving averages. With the positive signal from key indicator and bullish state of MACD, we expect share price to trend higher.

• From here, immediate resistance levels are expected at RM1.85 (R1) and RM1.95 (R2).

• Conversely, support levels can be identified at RM1.70 (S1) and RM1.56 (S2).

Source: Rakuten Research - 11 Dec 2019

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Labels: JOHOTIN

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Chart Stock Name Last Change Volume 
JOHOTIN 1.78 -0.01 (0.56%) 341,200 

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