Rakuten Trade Research Reports

Technical View - REACH ENERGY (REACH,5256)

rakutentrade
Publish date: Tue, 30 Oct 2018, 09:34 AM
rakutentrade
0 2,152
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

REACH ENERGY BHD (REACH,5256) 

  • REACH closed at RM0.375 yesterday, down 1 sen or 2.60%.
  • Recent positive news on the discovery of oil-bearing reservoir in Kazakhstan coupled with current favourable oil price could emerge as a potential catalyst for share price rebound.
  • Hence, we expect follow-through buying momentum to next level at RM0.415 (R1) and possibly further to RM0.460 (R2).
  • Meanwhile, immediate supports are expected at RM0.350 (S1) and RM0.345 (S2). 


Source: Rakuten Research - 30 Oct 2018

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

Post a Comment