Rakuten Trade Research Reports

Technical View- I-Stone Group Bhd (0209)

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Publish date: Fri, 13 Nov 2020, 09:30 AM
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i-Stone Group Bhd (0209)

• ISTONE gained 2.1% or 0.5 sen to RM0.24 yesterday.

• Share price has broken above key moving average lines recently supported by improving trading volume. Furthermore, key technical indicators are flashing positive signals, hence share price is likely to stage a bullish breakout from current levels.

• From here, resistance levels are identified at RM0.27 (R1) and RM0.325 (R2) level.

• For downside support, support levels are at RM0.18 (S1) and RM0.15 (S2).

Source: Rakuten Research - 13 Nov 2020

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