Hextar Global Bhd (5151)

• HEXTAR rose 2.2% or 1.5 sen to RM0.70 yesterday.

• Chart-wise, share price is currently trading above all key moving averages indicating positive buying interests. It is currently in consolidation phase after hitting recent high of RM0.75 and should the buying momentum sustain we expect a positive trend reversal with possibility to trend above RM0.80 level.

• From here, resistance levels are identified at RM0.84 (R1) and RM0.90 (R2).

• Conversely, support levels are seen at RM0.60 (S1) and RM0.55 (S2).

Source: Rakuten Research - 2 Jun 2020