Rakuten Trade Research Reports
Technical View - Salutica Bhd
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Publish date: Thu, 05 Aug 2021, 03:53 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
Salutica Bhd (SALUTE, 0183)
• SALUTE closed 3.4% or 2 sen higher to RM0.605 yesterday.
• Recent price action saw renewed buying interest with resistance breakout supported by healthy flows of trading volume. With such positive momentum, the upward force is set to be extended with positive signals from key indicators.
• Resistance levels are identified at RM0.625 (R1) and next at RM0.660 (R2).
• Conversely, support levels are pegged at RM0.575 (S1) and RM0.555 (S2).
Source: Rakuten Research - 5 Aug 2021
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