Rakuten Trade Research Reports

Technical View - CSC Steel Holdings Bhd (CSCSTEL, 5094)

rakutentrade
Publish date: Fri, 27 Aug 2021, 02:31 PM
rakutentrade
0 2,152
An official blog in I3investor to publish research reports provided by Rakuten Trade research team.

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

• CSCSTEL closed 4.4% higher at RM1.42 yesterday.

• After stuck in a consolidation phase from 28 June to 25 Aug, CSCSTEL broke out above its resistance of RM1.41 with relatively higher buying volume. Chart-wise, share price is trading above all its key moving average line for the first day indicating change of trend from consolidation to uptrend.

• Hence, resistance levels are identified at RM1.46 (R1) and RM1.53 (R2).

• On the contrary, support levels are pegged at RM1.32 (S1) and RM1.29 (S2).

Source: Rakuten Research - 27 Aug 2021

Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment