Rakuten Trade Research Reports
Technical View - Kawan Food Bhd (KAWAN, 7216)
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Publish date: Fri, 15 Nov 2019, 09:37 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
Kawan Food Bhd (7216)
• KAWAN gained 8 sen or 5.6% to RM1.52 yesterday.
Share price managed to close above its 200-day simple moving average line yesterday marking a second consecutive gain supported by improving trading volume. Should the buying momentum sustained, we expect the uptrend to continue.
• From here, resistance levels are expected at RM1.57 (R1) and further to RM1.62 (R2).
• On the contrary, support levels can be identified at RM1.38 (S1) and RM1.28 (S2).
Source: Rakuten Research - 15 Nov 2019
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