Rakuten Trade Research Reports
Technical View - Notion Vtec Bhd (NOTION, 0083)
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Publish date: Mon, 14 Sep 2020, 06:42 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/
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Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
Notion Vtec Bhd (0083)
• NOTION gained 12.5 sen or 13.4% to RM1.06 last Friday.
• Chart-wise, key indicators are flashing oversold signals following the heavy sell down from its peak of RM2.34. Last Friday’s strong rebound on the back of higher volume indicates renewed buying interest on the stock and is attempting bullish breakout and likely to see it retest its recent high.
• From here, resistance levels are expected at RM1.30 (R1) and RM1.49 (R2).
• Likewise, support levels are seen at RM0.995 (S1) and RM0.76 (S2).
Source: Rakuten Research - 14 Sept 2020
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