Rakuten Trade Research Reports
Technical View - RCE Capital Bhd (RCE, 9296)
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Publish date: Fri, 21 Feb 2020, 10:06 AM
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RCE Capital Bhd (9296)
• RCE rose 0.04 or 2.2% to RM1.81 yesterday.
• Share price has been on a upward trend and hit a 52-week intra-day high of RM1.84 on the back of higher volume indicating the strong buying momentum.
• Yesterday rise saw a breakout and share price may continue to chart new high possibly head towards RM1.96.
• From here, resistance levels are expected at RM1.84 (R1) and further to RM1.96 (R2).
• Conversely, downside support levels are expected at RM1.62 (S1) and RM1.68 (S2).
Source: Rakuten Research - 21 Feb 2020
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