• SERBA dropped 4.3% or 7 sen to RM1.55 last Friday.
• Share price declined on the news of its private placement. Hence the current price weakness provides good buying opportunity. Key technical indicators are also positive, share price is likely to rebound heading back to the RM1.70 level.
• As such, resistance levels are seen at RM1.60 (R1) and RM1.77 (R2)
• On the flipside, support levels are expected at RM1.44 (S1) and RM1.25 (S2).
Source: Rakuten Research - 27 Apr 2020
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Created by rakutentrade | Oct 01, 2024