Rakuten Trade Research Reports
Technical View - Revenue Group Bhd (REVENUE, 0200)
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Publish date: Wed, 11 Mar 2020, 10:52 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 rose 3.7% or 4 sen to RM1.12 yesterday.
• Share price rebounded strongly from an intra-day low of RM1.01 suggesting a bottoming out with strong support. Furthermore, key indicators are displaying an oversold signal and we believe the renewed buying momentum to propel share price higher.
• From here, resistance levels are expected at RM1.22 (R1) and further to RM1.30 (R2).
• On the contrary, support levels are identified at RM1.00 (S1) and RM0.90 (S2).
Source: Rakuten Research - 11 Mar 2020
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