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Rakuten Trade Research Reports

Author: rakutentrade   |   Latest post: Wed, 13 Jan 2021, 6:07 PM

 

Technical View- Bermaz Auto Bhd

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Bermaz Auto Bhd (5248)

• BAUTO rose 2.1% or 3 sen to RM1.48 yesterday.

• Share price slightly rebounded from low of RM1.37 recently to trend above key moving average lines indicating buying interest remains sustained. Based on signals from key technical indicators, we expect the buying strength to persist.

• From the chart, resistance levels are expected at RM1.53 (R1) and RM1.67 (R2) level.

• On the downside, support levels are seen at RM1.39 (S1) and RM1.22 (S2).

Source: Rakuten Research - 8 Jan 2021

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Labels: BAUTO

Related Stocks

Chart Stock Name Last Change Volume 
BAUTO 1.36 +0.02 (1.49%) 376,700 

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