Rakuten Trade Research Reports

Author: rakutentrade   |   Latest post: Fri, 4 Jun 2021, 4:49 PM


Technical View - Cocoaland Holdings Bhd (COCOLND, 7205)

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Cocoaland Holdings Bhd (7205)

• COCOLND ended 1.6% or 3 sen higher to RM1.88 yesterday.

• Share price has recovered from its low of RM1.39 and is now building a strong support at current level. Share price is currently testing its 200-day simple moving average line, a breakout from this level will see it head towards the RM2.00 level.

• As such, resistance levels are expected at RM1.95 (R1) and RM2.02 (R2).

• On the downside, support levels are seen at RM1.80 (S1) and RM1.71 (S2).

Source: Rakuten Research - 20 May 2020

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Chart Stock Name Last Change Volume 
COCOLND 1.87 -0.01 (0.53%) 14,500 

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