• TECHBND gained 6.8% or 10 sen to RM1.56 yesterday.
• Yesterday’s positive candle coupled with improving volume indicates renewed buying interest following recent retracement. With key indicator RSI started to point upward and share price remains above moving average lines, buying interest is likely to persists.
• Resistance levels are seen at RM1.61 (R1) and RM1.90 (R2).
• On the contrary, support levels are identified at RM1.46 (S1) and RM1.22 (S2).
Source: Rakuten Research - 4 Mar 2021
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Created by rakutentrade | Aug 23, 2024