• 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
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Created by rakutentrade | Oct 01, 2024