Rakuten Trade Research Reports

Technical View - Naim Holdings Bhd (NAIM, 5073)

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Publish date: Fri, 11 Oct 2019, 10:04 AM
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Naim Holdings Bhd (5073)

• NAIM ended 7.45% or 7 sen higher to RM1.01 yesterday.

• Share price ended higher, closing above key short term 50-day simple moving average yesterday with higher trading volume. With MACD indicator recently turning positive and upward movement of RSI and Stochastics, share price could trend higher.

• From here, resistance levels are expected at RM1.13 (R1) and RM1.17 (R2).

• Conversely, strong supports levels are seen at RM0.86 (S1) and RM0.80 (S2).

Source: Rakuten Research - 11 Oct 2019

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winbigbursa

very disappointed with Rakuten technical view data,its way out, PLS IMPROVE..

' From here, resistance levels are expected at RM1.13 (R1) and RM1.17 (R2).
• Conversely, strong supports levels are seen at RM0.86 (S1) and RM0.80 (S2).'

they purposely set the resistance levels so high at rm1.13 but today was tough going to clear rm1.01-rm1.03 !!

i think its done on purpose, so small players like us keen to buy in & they can sell to take profit..

again set the support levels so low, retailers will be scared to enter at correction, wait until it touch 86 sen, while they sapu back before that...

2019-10-11 19:56

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