Rakuten Trade Research Reports

Technical View - Greenyield Bhd (GREENYB, 0136)

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Publish date: Wed, 21 Jul 2021, 02:49 PM
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• GREENYB advanced 6.7% or 2 sen to RM0.32 on Monday.

• GREENYB broke past the resistance level of RM0.30 recently and is trending above key short-term moving average line currently. Indicator MACD has turned bullish as buying momentum may go stronger, potentially to challenge next resistance of RM0.35 level.

• As such, resistance levels are at RM0.350 (R1) and RM0.385 (R2).

• For downside support, support levels are set at RM0.275 (S1) and RM0.265 (S2).

Source: Rakuten Research - 21 Jul 2021

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