Rakuten Trade Research Reports

Technical View - Datasonic Group Bhd (DSONIC, 5216)

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Publish date: Thu, 27 Jun 2019, 04:51 PM
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Datasonic Group Bhd (5216)

  • DSONIC closed 5.7% or 3 sen higher to RM0.555 yesterday.
  • Share price closed with a white candle on the back of higher-than-average trading volume yesterday. Technical outlook remains positive as share price has broken above the key 200-day simple moving average line, signifying bullish breakout and is likely to continue.
  • As such, resistance levels are expected at RM0.575 (R1) and further to RM0.600 (R2).
  • On the flipside, support levels are found at RM0.490 (S1) and RM0.430 (S2).

Source: Rakuten Research - 27 Jun 2019

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