Rakuten Trade Research Reports
Technical View - AppAsia Bhd (APPASIA, 0119)
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Publish date: Wed, 05 Aug 2020, 05:28 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
AppAsia Bhd (0019)
• APPASIA surged 27.3% or 12 sen to RM0.56 yesterday.
• Chart-wise, share price remains firmly on its bullish uptrend supported by positive key technical indicators on the back of higher volume. Recent launch of their e-bank confirmation platform has seen renewed buying interest. As such, we expect it to stage a breakout above RM0.60 and head towards RM0.65.
• From here, resistance levels are identified at RM0.60 (R1) and RM0.65 (R2).
• Likewise, support levels are seen at RM0.45 (S1) and RM0.40 (S2).
Source: Rakuten Research - 5 Aug 2020
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