Rakuten Trade Research Reports
Technical View - MTAG Group Bhd (MTAG, 0213)
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Publish date: Thu, 27 Aug 2020, 03:47 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
MTAG Group Bhd (0213)
• MTAG closed 2.1% or 1.5 sen higher to RM0.72 yesterday.
• Chart-wise, the positive upward sloping trend of share price remains intact as it is trading above key moving average lines. With the upticks on key momentum indicator, we expect buying interest to continue and likely to see share price trending towards RM0.80 level.
• From here, resistance levels are expected at RM0.81 (R1) and RM0.89 (R2).
• Conversely, support levels are identified at RM0.65 (S1) and RM0.59 (S2).
Source: Rakuten Research - 27 Aug 2020
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