Rakuten Trade Research Reports
Technical View - Salutica Bhd
rakutentrade
Publish date: Fri, 11 Jun 2021, 10:02 AM
rakutentrade
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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
Salutica Bhd (SALUTE, 0183)
• SALUTE closed 4.8% or 2.5 sen higher to RM0.545 yesterday.
• Recent price action suggests renewed buying interest with resistance breakout following a period of sideway trading. Technical indicators are flashing positive readings (MACD turning bullish and upticks in RSI) and thus the buying momentum is likely to persist.
• Resistance levels are expected at RM0.56 (R1) and next at RM0.615 (R2).
• Conversely, support levels are seen at RM0.50 (S1) and RM0.485 (S2).
Source: Rakuten Research - 11 Jun 2021
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