Rakuten Trade Research Reports
Technical View - Astro Malaysia Holdings Bhd (ASTRO, 6399)
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Publish date: Fri, 09 Jul 2021, 01:09 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
• ASTRO finished 3.4% or 4 sen lower to RM1.14 yesterday.
• ASTRO has been trading within its upward trending channel implying upward trajectory remains intact. As share price is trading above key moving average lines, we expect the upward momentum to continue.
• As such, resistance levels are anticipated at RM1.26 (R1) and RM1.31 (R2).
• On the contrary, support levels are identified at RM1.09 (S1) and RM1.03 (S2).
Source: Rakuten Research - 9 Jul 2021
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