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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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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