Rakuten Trade Research Reports
Technical View - Heitech Padu Bhd (HTPADU, 5028)
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Publish date: Fri, 03 May 2019, 10:08 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
- HTPADU closed 3.5 sen or 3.72% lower to RM0.905 yesterday.
- Following our last technical report on 25 April 2019, share price has hit a high of RM1.10 before pulling back to current level.
- However, we believe the pullback is a healthy consolidation to set a stronger base for its next wave to retest its recent high as the company is set to return to profitability with new contracts and concession secured, hence current level offers an good entry opportunity.
- Should the price be able to retest RM1.00 level, resistance levels are expected at RM1.05 (R1) and further to RM1.07 (R2).
- On the flipside, support levels are seen at RM0.85 (S1) and RM0.80 (S2).
Source: Rakuten Research - 3 May 2019
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