Rakuten Trade Research Reports
Technical View- Iconic Worldwide Bhd
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Publish date: Thu, 05 Nov 2020, 09:50 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
Iconic Worldwide Bhd (9113)
• ICONIC rose 1.0% or 0.5 sen to RM0.49 yesterday.
• Share price has been on a consolidation mode for some time while recent positive signs from key technical indicators resemble stealth buying pattern. It is hovering above key moving average line and could attempt to stage a bullish breakout from current level.
• As such, resistance levels are expected at RM0.565 (R1) and RM0.66 (R2) level.
• On the downside, support levels are set at RM0.40 (S1) and RM0.35 (S2).
Source: Rakuten Research - 5 Nov 2020
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