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Rakuten Trade Research Reports

Author: rakutentrade   |   Latest post: Fri, 21 Feb 2020, 10:06 AM

 

Technical View - MY E.G. Services Bhd (MYEG, 0138)

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MY E.G. Services Bhd (0138)

• MYEG edged down 1 sen or 0.75% to RM1.32 yesterday.

• Share price has been on a downtrend since July 2019 and has bottomed out at RM0.98, has recently staged a strong recovery on the back of higher volume.

• With share price trading above key moving averages, it is consolidating its gains in anticipation of upcoming financial results which will determine the next trading level.

• From here, resistance levels are expected at RM1.40 (R1) and further to RM1.55 (R2).

• Conversely, downside support levels are expected at RM1.15 (S1) and RM0.98 (S2).

Source: Rakuten Research - 13 Feb 2020

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Labels: MYEG

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Chart Stock Name Last Change Volume 
MYEG 1.30 +0.01 (0.78%) 24,128,400 

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