Rakuten Trade Research Reports

Technical View - MTAG Group Bhd (MTAG, 0213)

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Publish date: Wed, 25 Mar 2020, 02:09 PM
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MTAG Group Bhd (0213)

• MTAG closed 7.0% or 1.5 sen higher to RM0.23 yesterday.

• Share price has plunge 67% from its high of RM0.70 to current level. Share price have found strong support at RM0.20 level and recent trading activities may suggest a trend reversal. Should buying momentum continues, we expect it to rebound strongly to RM0.33 level.

• As such, resistance levels are expected at RM0.33 (R1) and further to RM0.39 (R2).

• On the contrary, support levels are identified at RM0.20 (S1) and RM0.15 (S2).

Source: Rakuten Research - 25 Mar 2020

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