Rakuten Trade Research Reports
Technical View - Master-Pack Group Bhd
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Publish date: Wed, 20 Jan 2021, 06:57 PM
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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/
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Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
Master-Pack Group Bhd (7029)
• MASTER advanced 6.4% or 12 sen to RM1.99 yesterday.
• Share price formed a breakout with higher trading volume yesterday. Meanwhile, buying momentum remains intact as share price has been trading above its short term 20-day upward sloping moving average line. As such, share price is likely to trend higher.
• From here, resistance levels are seen at RM2.15 (R1) and RM2.56 (R2) level.
• On the downside, support levels are expected at RM1.87 (S1) and RM1.52 (S2).
Source: Rakuten Research - 20 Jan 2021
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