Rakuten Trade Research Reports
Technical View - Revenue Group Bhd
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Publish date: Wed, 03 Mar 2021, 06:54 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
Revenue Group Bhd (REVENUE, 0020)
• REVENUE declined 5.6% or 11 sen to RM1.85 yesterday.
• Share price hit a high of RM2.14 recently and formed a healthy pull back to current level. Chart-wise, share price is trading firmly above the upward sloping short-term moving average line thus the uptrend is still intact suggesting entry opportunity at current level.
• Resistance levels are projected at RM2.00 (R1) and RM2.14 (R2).
• On the contrary, support levels are identified at RM1.80 (S1) and RM1.76 (S2).
Source: Rakuten Research - 3 Mar 2021
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