Rakuten Trade Research Reports
Technical View - P.I.E Industrial Bhd (PIE, 7095)
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Publish date: Wed, 14 Jul 2021, 05:43 PM
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To sign up for an account: http://bit.ly/40BNqKI
Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
• PIE ended 2.6% or 8 sen higher at RM3.11 yesterday.
• Chart wise, PIE is gaining buying momentum of late on the back of higher trading volume. Share price climbed above short-term moving average lines reinforces encouraging signal for near term upward momentum and we expect share price to challenge the RM3.30 level.
• Resistance levels are identified at RM3.29 (R1) and RM3.50 (R2).
• Conversely, support levels are pegged at RM2.90 (S1) and RM2.78 (S2).
Source: Rakuten Research - 14 Jul 2021
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