Rakuten Trade Research Reports
Technical View - Bermaz Auto Bhd (BAuto, 5248)
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Publish date: Thu, 13 Jun 2019, 09:39 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
BAuto (5248)
- BAuto closed unchanged at RM2.40 yesterday.
- Technically speaking, BAuto remains on a long-term uptrend cycle and is trading above its key moving averages
- With its better earnings result just released, we expect the bullish momentum to continue and possibly see share price to test the 52-week high of RM2.48 and stage a breakout.
- On the other hand, support levels are identified at RM2.25 (S1) and RM2.14 (S2).
Source: Rakuten Research - 13 Jun 2019
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