Rakuten Trade Research Reports
Technical view - Notion Vtec Bhd (0083)
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Publish date: Wed, 23 Sep 2020, 05:25 PM
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Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
Notion Vtec Bhd (0083)
- NOTION rose 14% or 14 sen to RM1.14 yesterday.
- Yesterday’s price action saw renewed buying interest with higher trading volume following the announcement of them securing a RM338m contract for the supply of disposable nitrile examination gloves.
- On the back of the positive development, we expect continued bullish momentum potentially breaking above the RM1.30 level.
- From here, resistance levels are identified at RM1.31 (R1) and RM1.55 (R2).
- Conversely, support levels are expected at RM1.06 (S1) and RM0.76 (S2).
Source: Rakuten Research - 23 Sept 2020
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