Rakuten Trade Research Reports

Technical View - Techbond Group Bhd (TECHBND, 5289)

rakutentrade
Publish date: Wed, 19 Jun 2019, 10:15 AM
rakutentrade
0 2,152
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

Techbond Group Bhd (5289)

  • TECHBND gained 2.8% or 2 sen to close at RM0.735 yesterday.
  • The consolidation phase is likely to be over as share price has broken out of its downtrend channel and has turned bullish as it broke through series of resistance levels with increase in trading volume over the past few trading sessions. With the share price trading above key moving averages, we believe the rebound has more legs to run.
  • Should the price be able to break its immediate resistance at RM0.745 (R1), next resistance is expected at RM0.780 (R2) level.
  • Conversely, support levels are found at RM0.69 (S1) and RM0.66 (S2).

Source: Rakuten Research - 19 Jun 2019

Related Stocks
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment