Rakuten Trade Research Reports

Technical View - Notion Vtec Bhd (NOTION, 0083)

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Publish date: Fri, 10 Apr 2020, 05:11 PM
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Notion Vtec Bhd (0083)

• NOTION gained 5.7% or 4 sen to RM0.745 yesterday.

• Chart-wise, share price has broken out of its downtrend and turned positive. News about their venture into producing parts for ventilators and personal protective equipment is likely to see further buying interests coupled with the upward momentum by key technical indicators and expect it to head towards RM0.80 level.

• As such, resistance levels are seen at RM0.78 (R1) and further to RM0.90 (R2)

• Likewise, support levels are identified at RM0.64 (S1) and RM0.41 (S2).

Source: Rakuten Research - 10 Apr 2020

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