Rakuten Trade Research Reports
Technical View - Revenue Group Bhd (REVENUE, 0200)
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Publish date: Tue, 04 Feb 2020, 11:45 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
Revenue Group Bhd (0200)
• REVENUE gained 4.7% or 6 sen to RM1.32 yesterday.
• Stock fell to an intra-day low of RM1.15 on heavy sell down before staging a strong rebound to close at the day’s high RM1.32 level. Yesterday’s movement indicated strong support and buying momentum; hence it is likely to re-test the next resistance level at RM1.41 level.
• As such, resistance levels are expected at RM1.41 (R1) and further to RM1.49 (R2).
• Conversely, downside support levels are expected at RM1.22 (S1) and RM1.12 (S2).
Source: Rakuten Research - 4 Feb 2020
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