Rakuten Trade Research Reports
Technical View - AppAsia Bhd (APPASIA, 0119)
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Publish date: Tue, 06 Oct 2020, 03:21 PM
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Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
AppAsia Bhd (0119)
• APPASIA advanced 9.4% or 5.5 sen to RM0.64 yesterday.
• Yesterday’s share price movement indicates strong buying momentum, marking a breakout from its consolidation. Besides, with key indicator flashing positive signals, we expect share price to resume its bullish run heading above the RM0.70 level.
• As such, resistance levels are at RM0.715 (R1) and further to RM0.855 (R2) level.
• On the downside, support levels are identified at RM0.595 (S1) and RM0.500 (S2).
Source: Rakuten Research - 6 Oct 2020
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