Rakuten Trade Research Reports
Technical View - MY E.G Services Bhd (MYEG, 0138)
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Publish date: Wed, 13 Mar 2019, 03:59 PM
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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
MY E.G Services Bhd (0138)
- MYEG gained 6 sen or 4 88% to close at RM1.29 yesterday.
- Following our technical buy report on 11 Feb 2019, share price has surged 31.6% and continues to stay above the key moving averages. Yesterday's close also marked the resistance breakout at RM 1.24 on the back of higher trading volume, indicating stronger buying momentum for further upside.
- Resistance levels are expected at RM1.38 (R1) and further to RM1.41 (R2).
- Conversely, support levels can be seen at RM1.14 (S1) and RM1.07 (S2).
Source: Rakuten Research - 13 Mar 2019
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