Rakuten Trade Research Reports
Technical View - T7 Global Bhd (T7GLOBAL, 7228)
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Publish date: Mon, 18 Mar 2019, 10:38 AM
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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
T7 Global Bhd (7228)
- T7GLOBAL closed 1 sen or 1.85% lower to RM0.53 last Friday.
- We believe the recent contracts secured from Petronas Carigali Sdn Bhd and Vestigo Petroleum Sdn Bhd coupled with improving oil price will provide potential catalysts for the share price to trend higher.
- As such, resistance levels are expected at RM0.555 (R1) and further to RM0.585 (R2).
- Conversely, support levels can be found at RM0.495 (S1) and RM0.480 (S2).
Source: Rakuten Research - 18 Mar 2019
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