Rakuten Trade Research Reports
Technical View - Techbond Group Bhd (TECHBND, 5289)
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Publish date: Wed, 08 Jan 2020, 11:11 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
Techbond Group Bhd (5289)
• TECHBND gained 3.4% or 3 sen to RM0.925 yesterday.
• Share price has been actively traded recently with higher trading volume while yesterday’s close also sent a positive signal. Chart-wise, share price is trading above all key moving averages displaying a favourable sign and we expect the buying momentum to continue.
• From here, resistance levels are expected at RM0.90 (R1) and further to RM0.98 (R2).
• On the flip side, downside support levels can be expected at RM0.80 (S1) and RM0.75 (S2).
Source: Rakuten Research - 8 Jan 2020
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