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