Rakuten Trade Research Reports
Technical View - CSC Steel Holdings Bhd (CSCSTEL, 5094)
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Publish date: Mon, 01 Jun 2020, 06:33 PM
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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
CSC Steel Holdings Bhd (5094)
• CSCSTEL rose 2.9% or 2.5 sen to RM0.88 last Friday.
• Last Friday’s improved trading closing with positive candle is supported by higher trading volume. The recent upward movements from key momentum technical indicators are sending positive signals and we expect share price to trend higher.
• As such, should it break resistance level of RM0.94 (R1), next resistance is found at RM1.04 (R2).
• Conversely, support levels are seen at RM0.79 (S1) and RM0.69 (S2).
Source: Rakuten Research - 1 Jun 2020
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