Rakuten Trade Research Reports
Technical View - Eversendai Corporation Bhd (SENDAI, 5205)
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Publish date: Fri, 22 Mar 2019, 10:26 AM
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Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
Eversendai Corporation Bhd (5205)
- SENDAI gained 3 sen or 6.3% higher to RM0.505 yesterday.
- Yesterday's close saw the stock price close higher for its second consecutive day with a bullish white candle on the back of higher-than-average trading volume. We believe the share price rebound is at its initial stage and has further leg to run.
- As such, resistance levels are expected at RMO 535 (R1) and further to RM0.54 (R2)
- Likewise, support levels are identified at RM0.455 (Si) and RM0.435 (S2).
Source: Rakuten Research - 22 Mar 2019
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