• MATRIX closed 2.6% or 5 sen higher to RM1.95 yesterday.
• Buying momentum remains strong as share price formed a bullish engulfing candle yesterday on the back of higher-than-average trading volume. With RSI pointing upward recently, the upward momentum is set to persist, potentially trading towards RM2.00 level.
• Resistance levels are projected at its 52-week high of RM2.03 (R1) and further to RM2.10 (R2).
• For downside support, support levels are identified at RM1.88 (S1) and RM1.79 (S2).
Source: Rakuten Research - 7 Apr 2021
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Created by rakutentrade | Nov 05, 2024