Rakuten Trade Research Reports
Technical View - Mynews Holdings Bhd
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Publish date: Wed, 24 Feb 2021, 06:56 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
Mynews Holdings Bhd (MYNEWS, 5275)
• MYNEWS rose 6.2% or 4 sen to RM0.69 yesterday.
• Recent share price movements saw renewed buying interest pushing share price to above the short term upward sloping moving average line, indicating positive sign. Supported by improving volume and upticks in momentum indicators, we expect share price to go higher.
• As such resistance levels are expected at RM0.75 (R1) and RM0.80 (R2).
• On the downside, support levels are pegged at RM0.64 (S1) and RM0.60 (S2).
Source: Rakuten Research - 24 Feb 2021
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