Rakuten Trade Research Reports
Technical View - Innature Bhd (INNATURE, 5295)
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Publish date: Wed, 18 Aug 2021, 02:52 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
• INNATURE finished 2.3% or 1.5 sen higher to RM0.67 yesterday.
• The stock is currently challenging the immediate resistance of RM0.67 level. Meanwhile, yesterday’s solid closing at an intra-day high of RM0.67 reinforces a sustainable stream of buying interest.
• As share price has now climbed above short-term moving average lines and backed by upticks in key technical signal RSI, we expect the stock to break the immediate resistance and towards higher level.
• Next resistance levels are anticipated at RM0.72 (R1) and RM0.76 (R2).
• On the flipside, support levels are identified at RM0.635 (S1) and RM0.610 (S2).
Source: Rakuten Research - 18 Aug 2021
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