Rakuten Trade Research Reports

Technical View - Impiana Hotels Bhd (IMPIANA, 7243)

rakutentrade
Publish date: Mon, 13 May 2019, 02:58 PM
rakutentrade
0 2,119
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

Impiana Hotel Bhd (7243)

  • IMPIANA gained half a cent or 12.5% to RM0.045 last Friday.
  • Share price hit a high of RM0.08 on 11 Apr 2019 before pulling back to hit a low of RM0.04. However, last Friday’s close saw a gain with higher-than-average volume, signifying the low of RM0.04 to be the floor and is building the base for trend reversal.
  • IMPIANA which has seen the injection RM426m of hotel business is set to return to profitability.
  • Furthermore, key momentum indicators are showing sign of oversold thereby we believe share price has bottomed and is due for a rebound. • From here, immediate resistance levels are identified at RM0.050 (R1) and further to RM0.055 (R2).
  • Likewise, support levels are expected at RM0.040 (S1) and RM0.035 (S2).

Source: Rakuten Research - 13 May 2019

Related Stocks
Discussions
Be the first to like this. Showing 1 of 1 comments

cumcumshot

Post removed.Why?

2019-05-13 21:57

Post a Comment