Rakuten Trade Research Reports
Technical View- Karex Bhd
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Publish date: Fri, 11 Dec 2020, 08:41 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
Karex Bhd (5247)
• KAREX rose 1.7% or 1.5 sen to RM0.89 yesterday.
• Technically speaking, share price movement remains firmly on an upward trending line, trading above key moving average lines. Based on the key indicators, recent price movement indicates renewed buying interest and is poised for breakout above RM1.00 level.
• From here, resistance levels are found at RM1.00 (R1) and RM1.23 (R2) level.
• For the downside, support levels are expected at RM0.745 (S1) and RM0.700 (S2)
Source: Rakuten Research - 11 Dec 2020
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