Media Prima Bhd (MEDIA, 4502)

• MEDIA ended 2.5% or 1.5 sen higher to RM 0.615 last Wednesday.

• After hitting low of RM0.515, share price is forming a firm rebound with formation of high lows structure. The improvement in buying interest is further reinforces by the
  upticks in key indicator RSI coupled with positive crossover in MACD, thus share price is likely to extend the upward movement.

• Resistance levels are at RM0.66 (R1) and further to RM0.71 (R2).

• For downside support, support levels are at RM0.57 (S1) and next at RM0.55 (S2).

Source: Rakuten Research - 17 May 2021