Rakuten Trade Research Reports

Technical View - Prolexus Bhd (PRLEXUS, 8966)

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Publish date: Thu, 17 Jun 2021, 03:43 PM
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• PRLEXUS ended 6.0% or 7 sen higher to RM1.23 yesterday.

• PRLEXUS is set to extend its upward momentum following a bullish breakout of its key resistance level around RM1.20. With share price trading firmly above short and mid-term moving average lines, the positive buying momentum may push the stock to higher levels.

• Resistance levels are identified at RM1.35 (R1) and next at RM1.45 (R2).

• For downside, support levels are set at RM1.18 (S1) and RM1.06 (S2).

Source: Rakuten Research - 17 Jun 2021

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