Rakuten Trade Research Reports
Technical View - Sealink International Bhd (SEALINK, 5145)
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Publish date: Mon, 10 Feb 2020, 12:06 PM
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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
Sealink International Bhd (5145)
• SEALINK closed 4.5% or 3 sen higher to RM0.69 last Friday.
• Technically speaking, share price remains bullish with its up-trend channel as it is trading above all key moving averages. Based on the strong buying momentum share price is likely to break new high possibly heading towards the RM0.80 level.
• From here, resistance levels are expected at RM0.74 (R1) and further to RM0.80 (R2).
• Conversely, downside support levels are expected at RM0.60 (S1) and RM0.50 (S2).
Source: Rakuten Research - 10 Feb 2020
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