Rakuten Trade Research Reports
Technical View - HPMT Holdings Bhd
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Publish date: Tue, 16 Mar 2021, 09:58 AM
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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
HPMT Holdings Bhd (HPMT, 5291)
• HPMT rose 4.2% or 2 sen to RM0.50 yesterday.
• The stock is gaining momentum evidenced by the strong rebound from the recent low of RM0.45, depicting a breakout accompanied by higher trading volume. Meanwhile, with rising buying momentum signalled from technical indicator, the rebound is likely to be extended.
• As such, resistance levels are projected at RM0.535 (R1) and RM0.56 (R2).
• On the downside, support levels are set at RM0.455 (S1) and RM0.45 (S2).
Source: Rakuten Research - 16 Mar 2021
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