Rakuten Trade Research Reports
Technical View - Yong Tai Bhd (YONGTAI, 7066)
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Publish date: Fri, 18 Oct 2019, 10:01 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
Yong Tai Bhd (7066)
• YONGTAI rose 2 sen or 11.1% to RM0.20 yesterday.
• Share price hit a 52-week low of RM0.165 recently and managed to rebound to RM0.20 level on the back of improving trading volume. With the upticks on key momentum indicators, this could suggest the potential continuation of a rebound.
• As such, resistance levels are seen at RM0.250 (R1) and RM0.285 (R2).
• On the flipside, downside support levels are expected at RM0.180 (S1) and RM0.165 (S2).
Source: Rakuten Research - 18 Oct 2019
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