Rakuten Trade Research Reports
Technical View - D’nonce Technology Bhd (DNONCE, 7114)
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Publish date: Mon, 05 Oct 2020, 03:22 PM
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To sign up for an account: http://bit.ly/40BNqKI
Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
D’nonce Technology Bhd (7114)
• DNONCE rose 6.4% or 4 sen higher to RM0.665 last Friday.
• Last Friday’s price gain on the back of higher trading volume indicates bullish momentum with strong buying interest. The bullish uptrend remains intact as share price is currently trading above all moving average lines and we expect it to see breakout above RM0.70 level.
• Resistance levels are expected at RM0.710 (R1) and further to RM0.755 (R2) level.
• Likewise, support levels are identified at RM0.590 (S1) and RM0.510 (S2).
Source: Rakuten Research - 5 Oct 2020
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