Techbond

Sector: Chemicals / Adhesives, Sealants

Analyzed on 11/8/2021

As we can see from the chart, higher lows pattern is formed and breakout at RM0.53 but there is a strong resistance at RM0.65. It is currently trading at RM0.545 level. EMA25/50 have been trending downwards since March 2021 but it is going to cross (EMA 25 cross above EMA 50 also known as Golden Cross). Support level at RM0.53/0.48. However, do take note that 2021/Q4 result going to announce by end of August.

In a broader view, a double bottom was formed on the trend support at RM0.45

Reason to monitor: Technical breakout + Golden Cross

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NOTT INVEST 

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