Rakuten Trade Research Reports
Technical View - Vivocom Intl Holdings Bhd (VIVOCOM, 0069)
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Publish date: Tue, 17 Nov 2020, 09:14 AM
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Email: customerservice@rakutentrade.my
Vivocom Intl Holdings Bhd (0069)
- VIVOCOM surged 30% to RM1.95 yesterday.
- Chart-wise, the stock is gaining strong buying momentum supported by a series of bullish breakout on the back of higher trading volume. Based on the price action movements, share price is likely to cross the RM2.00 level and continue its bullish run possibly charting new highs.
- From here, resistance levels are expected at RM2.18 (R1) and RM2.37 (R2) level.
- For the downside, support levels are at RM1.75 (S1) and RM1.50 (S2)
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