Rakuten Trade Research Reports

Technical View - Tasco Bhd

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Publish date: Tue, 08 Jun 2021, 10:21 AM
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Tasco Bhd (TASCO, 5140)

• TASCO ended 5.3% or 6 sen higher to RM1.19 last Friday.

• TASCO has been trading higher with healthy buying interest after hitting a low of RM0.97 in end-May 2021. Last week’s higher volume further reinforces stronger buying interest along with positive signs from technical indicator, share price is expected to move higher.

• Resistance levels are expected at RM1.27 (R1) and next at RM1.33 (R2).

• Conversely, support levels are seen at RM1.08 (S1) and RM1.00 (S2).

 

Source: Rakuten Research - 8 Jun 2021

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