Rakuten Trade Research Reports

Technical View - IHH Healthcare

rakutentrade
Publish date: Tue, 14 Aug 2018, 11:42 AM
rakutentrade
0 2,147
An official blog in I3investor to publish research reports provided by Rakuten Trade research team.

All materials published here are prepared by Rakuten Trade. For latest offers on Rakuten Trade products and news, please refer to: https://www.rakutentrade.my/

To sign up for an account: http://bit.ly/40BNqKI

Rakuten Trade

Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my

IHH Healthcare (IHH,5225) 

  • IHH has fallen to hit its 52-week intraday low at RM5.27 before bouncing back to close at RM5.45 yesterday.
  • The recentdrop was due to the cautious sentiment on its hospital business exposure in Turkey mainly caused by the plunge in Turkish lira. However, we believe that the stock is oversold and may stage a technical rebound.
  • As such, resistance levels are expected to be seen at RM6.02 (R1) and further to RM6.09 (R2).
  • Meanwhile, support levels can be found at RM5.43 (Si) and RM5.34(S2). 

Source: Rakuten Research - 14 Aug 2018

Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment