Rakuten Trade Research Reports

Technical View - Securemetric Bhd (SMETRIC, 0203)

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Publish date: Wed, 30 Oct 2019, 02:17 PM
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Securemetric Bhd (0203)

• SMETRIC surged 17.9% or 8.5 sen to RM0.56 yesterday buoyed by the corporate exercise announcement of proposed bonus issue and free warrants.

• The bullish long white candle on the back of higher trading volume yesterday coupled with key positive technical indicators are likely to see follow through buying, possibly breaking above RM0.60 level to chart new highs.

• From here, resistance levels are expected at RM0.61 (R1) and RM0.65 (R2).

• On the contrary, downside support levels are found at RM0.505 (S1) and RM0.475 (S2).

Source: Rakuten Research - 30 Oct 2019

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peter Too

code 0203.smetric.goreng,goreng,goreng.....

2020-02-13 01:15

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