Rakuten Trade Research Reports
Technical View - Pestech International Bhd
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Publish date: Thu, 11 Feb 2021, 06:55 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/
To sign up for an account: http://bit.ly/40BNqKI
Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
Pestech International Bhd (5219)
• PESTECH rose 8 sen or 7.7% to RM1.13 yesterday.
• From a technical perspective, chart is signalling encouraging buying momentum with bullish crossover of moving average lines yesterday on the back of higher trading volume. As such, we expect the upward strength to persist.
• From here, resistance levels are at RM1.18 (R1) and further to RM1.31 (R2).
• On the contrary, support levels are identified at RM1.07 (S1) and RM0.96 (S2)
Source: Rakuten Research - 11 Feb 2021
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