Rakuten Trade Research Reports
Technical View - Mieco Chipboard Bhd (MIECO, 5001)
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Publish date: Fri, 25 Jun 2021, 03:23 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
• MIECO rose 1.9% or 1 sen to RM0.525 yesterday.
• MICEO has just broken past the consolidation phase supported by improving trading volume yesterday. Buying interest re-emerges and share price continues to extend its upward trajectory after rebounding from recent low of RM0.435. The positive momentum is set to continue further potentially to challenge above RM0.55 level.
• Resistance levels are identified at RM0.56 (R1) and RM0.60 (R2).
• Conversely, support levels are set at RM0.50 (S1) and RM0.45 (S2).
Source: Rakuten Research - 25 Jun 2021
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