Rakuten Trade Research Reports

Technical View - Astro Malaysia Holdings Bhd (ASTRO, 6399)

rakutentrade
Publish date: Mon, 13 Jan 2020, 11:27 AM
rakutentrade
0 2,065
An official blog in I3investor to publish research reports provided by Rakuten Trade research team.

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

Astro Malaysia Holdings Bhd (6399)

• ASTRO closed 2.4% or 3 sen higher to RM1.28 last Friday.

• Share price seemed to have found its bottom from the rebound of late. We believe the stock has been oversold and current level offers accumulation opportunity with possibility to test RM1.40 level.

• As such, resistance levels are expected at RM1.35 (R1) and further to RM1.42 (R2).

• On the flip side, downside support levels can be expected at RM1.25 (S1) and RM1.21 (S2).

Source: Rakuten Research - 13 Jan 2020

Related Stocks
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment