Technical Review – G3 GLOBAL BERHAD

The market had responded rather strong on a major conversion of warrants dated 23^rd of May 2022, which amounted to 305,250,000 total new shares issued. However, we think that the selling was over on 30^th May 2022 with 592.64 million shares exchanged hands on that day. Moving forward, RM0.045 will test as a short-term support for the company while pending for new developments for G3 ahead.

Support Level: RM0.045 (Short-term)

Resistance Level: RM0.055, RM0.070 (Short, Mid-term)