Rakuten Trade Research Reports
Technical View - Rohas Tecnic Bhd (ROHAS, 9741)
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Publish date: Mon, 24 Feb 2020, 11:05 AM
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Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
Rohas Tecnic Bhd (9741)
• ROHAS ended 5.9% or 3.5 sen higher to RM0.625 last Friday.
• Share price formed a strong rebound since early February and continues to trend higher on the back of higher trading volume. With key momentum technical indicator showing positive signals, we expect share price to chart higher towards RM0.70 level.
• As such, resistance levels are seen at RM0.68 (R1) and further to RM0.72 (R2).
• On the contrary, downside support levels are expected at RM0.61(S1) and RM0.57 (S2).
Source: Rakuten Research - 24 Feb 2020
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