• 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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Created by rakutentrade | Aug 23, 2024