Hextar Global Bhd (HEXTAR, 5151)

• HEXTAR finished 2.1% or 3 sen higher to RM1.49 last Friday.
• Share price may have found its support base at RM1.45 level after rebounded from low of RM1.28 recently and trading above RM1.45 level currently with healthy buying momentum. With share price trading above all key moving average lines, we expect the buying interest to sustain.
• Resistance levels are projected at RM1.66 (R1) and next at all-time-high of RM1.82 (R2).
• For downside support, support levels are set at RM1.36 (S1) and RM1.28 (S2).

Source: Rakuten Research - 31 May 2021