Rakuten Trade Research Reports

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


Technical View - Prolexus Bhd

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Prolexus Bhd (PRLEXUS, 8966)

• PRLEXUS closed 3.5% or 4 sen higher to RM1.18 yesterday.

• PRLEXUS is attempting to break its immediate resistance of RM1.18 with higher volume yesterday suggesting stronger buying force. Positive cross over of moving averages lines (SMA20 > SMA50) of late reinforces stronger buying momentum ahead, potentially driving share price to higher level.

• Should it able to break RM1.18 level, next resistance levels are projected at RM1.24 (R1) and further to RM1.38 (R2).

• Conversely, support levels are set at RM1.07 (R1) and next at RM1.00 (S2).

Source: Rakuten Research - 27 Apr 2021

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Chart Stock Name Last Change Volume 
PRLEXUS 1.10 -0.02 (1.79%) 2,108,300 

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