Rakuten Trade Research Reports
Technical View - Revenue Group Bhd (REVENUE, 0200)
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Publish date: Fri, 13 Dec 2019, 12:38 PM
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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
Revenue Group Bhd (0200)
• REVENUE closed 4 sen or 2.0% lower to RM2.01 yesterday.
• The retracement from its high of RM2.30 is a healthy consolidation and presents an opportunity to re-enter as the bullish uptrend remains intact. Share price is trading above leading moving averages. Chartwise, we expect share price to re-test the RM2.30 level thereafter to another new high. • As such, resistance levels are expected at RM2.30 (R1) and RM2.50 (R2).
• On the flipside, support levels can be identified at RM1.96 (S1) and RM1.74 (S2).
Source: Rakuten Research - 13 Dec 2019
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