Rakuten Trade Research Reports
Technical View - Tasco Bhd
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Publish date: Wed, 14 Apr 2021, 05:23 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
Tasco Bhd (TASCO, 5140)
• TASCO advanced 6.5% or 7 sen to RM1.15 yesterday.
• TASCO formed a bullish engulfing candlestick yesterday, suggesting encouraging signal of buying interest. With key indicator RSI starting to point upwards, share price is expected to move higher.
• Should it able to break first resistance level of RM1.19 (R1), next resistance level is projected at RM1.35 (R2).
• Conversely, support levels are identified at RM1.06 (S1) and RM1.02 (S2).
Source: Rakuten Research - 14 Apr 2021
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