Impiana Hotels Bhd (7243)

• IMPIANA closed 0.5 sen or 12.5% to RM0.035 last Friday.
• Share price seemed to have found its bottom at its 52-week low of RM0.030 level. With share price consolidating for the last three months and tapering of volume indicating that worst is likely to be over.
• Resistance levels are found at RM0.045 (R1) and further to RM0.050 (R2).
• On the contrary, support levels are expected at RM0.030 (S1) and RM0.025 (S2).

Source: Rakuten Research - 15 Jul 2019