Rakuten Trade Research Reports

Technical View - IHH Healthcare

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Publish date: Tue, 14 Aug 2018, 11:42 AM
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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

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