Rakuten Trade Research Reports
Technical View- Kanger International Bhd
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Publish date: Tue, 01 Dec 2020, 11:53 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
Kanger International Bhd (0170)
• KANGER dropped 2.7% or 0.5 sen to RM0.18 yesterday.
• Chart-wise, share price has been in consolidation mode for some time with trading volume improving of late showing signs of stealth buying pattern. News of the company signing collaboration agreement Sinopharm to distribute Covid-19 vaccine and has received support from Ministry of Science, Technology and Innovation is likely to spur buying interest as one of the potential vaccine-play stocks.
• From here, resistance levels are expected at RM0.195 (R1) and RM0.230 (R2) level.
• On the downside, support levels are set at RM0.160 (S1) and RM0.120 (S2).
Source: Rakuten Research - 1 Dec 2020
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