Rakuten Trade Research Reports
Technical View - Matrix Concepts Holdings Bhd (MATRIX, 5236)
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Publish date: Fri, 20 Aug 2021, 05:43 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
• MATRIX ended 2.0% or 4 sen higher to RM2.09 yesterday.
• The stock broke past strong resistance of RM2.06 from recent consolidation phase yesterday. This is backed by higher trading volume and with positive signals from both MACD and RSI, the buying interest is poised to sustain.
• Resistance levels are set at RM2.16 (R1) and RM2.33 (R2).
• On the contrary, support levels are identified at RM1.99 (S1) and RM1.94 (S2).
Source: Rakuten Research - 20 Aug 2021
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