Rakuten Trade Research Reports
Technical View - Xin Hwa Holdings Bhd
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Publish date: Mon, 19 Jul 2021, 04:05 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
Xin Hwa Holdings Bhd (XINHWA, 5267)
• XINHWA closed 2.3% or 1 sen higher to RM0.45 last Friday.
• XINHWA managed to stand above recent breakout level despite a mild retracement from the high of RM0.465. This indicates sustainable level of buying interest hence share price could set to extend its upward forces, heading to higher level.
• Resistance levels are seen at RM0.495 (R1) and RM0.535 (R2).
• Conversely, support levels are expected at RM0.43 (S1) and RM0.405 (S2).
Source: Rakuten Research - 19 Jul 2021
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