Rakuten Trade Research Reports
Technical View - Excel Force MSC Bhd (EFORCE, 0065)
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Publish date: Fri, 28 Aug 2020, 03:40 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
Excel Force MSC Bhd (0065)
• EFORCE rose 6.4% or 3.5 sen to RM0.58 yesterday.
• Yesterday’s price action indicates buying interest on the back of rising volume. Chart-wise share price is trading above all key moving averages with positive signals and we expect share price to stage a bullish breakout.
• From here, resistance levels are expected at RM0.60 (R1) and RM0.67 (R2).
• Conversely, support levels are identified at RM0.52 (S1) and RM0.47 (S2).
Source: Rakuten Research - 28 Aug 2020
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