Rakuten Trade Research Reports
Technical View- Boilermech Holdings Bhd (0168)
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Publish date: Tue, 03 Nov 2020, 11:15 AM
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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
• BOILERM closed 6.7% or 4.5 sen higher to RM0.715 yesterday.
• Share price has been trading actively with higher trading volume and bullish breakout hitting high of RM0.745 recently. This suggests positive buying momentum hence we expect share price to go higher.
• As such, resistance levels are identified at RM0.745 (R1) and RM0.77 (R2) level.
• On the downside, support levels are found at RM0.64 (S1) and RM0.575 (S2).
Source: Rakuten Research - 3 Nov 2020
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