Rakuten Trade Research Reports
Technical View - Heveaboard Bhd (HEVEA, 5095)
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Publish date: Tue, 04 May 2021, 12:23 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
Heveaboard Bhd (HEVEA, 5095)
- HEVEA closed 3.8% or 2.5 sen higher to RM0.68 yesterday.
- HEVEA formed a breakout from a period of consolidation phase yesterday, on the back of higher trading volume. Meanwhile, technical indicators are flashing positive signs suggesting stronger buying momentum hence share price is likely to go higher.
- From here, resistance levels are seen at RM0.72 (R1) and further to RM0.755 (R2).
- For the downside, support levels are identified at RM0.655 (R1) and next at RM0.63 (S2).
Source: Rakuten Research - 4 May 2021
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