Rakuten Trade Research Reports
Technical View - Mestron Holdings Bhd (MESTRON, 0207)
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Publish date: Tue, 25 May 2021, 12:18 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
Mestron Holdings Bhd (MESTRON, 0207)
• MESTRON finished 3.5 sen or 9.3% higher to RM0.41 yesterday.
• MESTRON formed a Morning Doji Star sending signal of potential bullish reversal after pulling back from high of RM0.46. Backed by higher trading volume and upticks
in key indicator, share price is expected to move higher.
• Resistance levels are expected at RM0.46 (R1) and further to RM0.50 (R2).
• Conversely, support levels are projected RM0.355 (S1) and next at RM0.345 (S2).
Source: Rakuten Research - 25 May 2021
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