Rakuten Trade Research Reports

Author: rakutentrade   |   Latest post: Wed, 2 Dec 2020, 2:38 PM


Technical View - RCE Capital Bhd (RCE, 9296)

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RCE Capital Bhd (9296)

• RCE rose 0.04 or 2.2% to RM1.81 yesterday.

• Share price has been on a upward trend and hit a 52-week intra-day high of RM1.84 on the back of higher volume indicating the strong buying momentum.

• Yesterday rise saw a breakout and share price may continue to chart new high possibly head towards RM1.96.

• From here, resistance levels are expected at RM1.84 (R1) and further to RM1.96 (R2).

• Conversely, downside support levels are expected at RM1.62 (S1) and RM1.68 (S2).


Source: Rakuten Research - 21 Feb 2020

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Labels: RCECAP

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