Rakuten Trade Research Reports
Technical View - Kejuruteraan Asastera Bhd (KAB, 0193)
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Publish date: Thu, 19 Dec 2019, 08:40 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
Kejuruteraan Asastera Bhd (0193)
• KAB rose 7.3% or 5 sen to RM0.735 yesterday.
• Chart-wise, overall uptrend channel remains intact as share price continues its rise to new high of RM0.75 level yesterday. Share price went through consolidation phase before resuming its bullish breakout. Buoyed by renewed buying interest, it is likely to head towards the RM0.80 level.
• As such, should it break RM0.75 (R1), next resistance level is identified at RM0.90 (R2).
• Conversely, support levels can be seen at RM0.65 (S1) and RM0.61 (S2).
Source: Rakuten Research - 19 Dec 2019
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