Rakuten Trade Research Reports
Technical View- Bermaz Auto Bhd
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Publish date: Thu, 07 Jan 2021, 09:52 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
Bermaz Auto Bhd (5248)
• BAUTO rose 2.1% or 3 sen to RM1.48 yesterday.
• Share price slightly rebounded from low of RM1.37 recently to trend above key moving average lines indicating buying interest remains sustained. Based on signals from key technical indicators, we expect the buying strength to persist.
• From the chart, resistance levels are expected at RM1.53 (R1) and RM1.67 (R2) level.
• On the downside, support levels are seen at RM1.39 (S1) and RM1.22 (S2).
Source: Rakuten Research - 8 Jan 2021
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