Rakuten Trade Research Reports

Technical View - Tri-Mode System (M) Bhd

rakutentrade
Publish date: Mon, 04 Oct 2021, 10:14 AM
rakutentrade
0 2,000
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

Tri-Mode System (M) Bhd (TRIMODE, 0199)

  • TRIMODE closed 2.8% lower at RM0.685 on Friday.
  • TRIMODE has been trading along the ascending channel in a zig-zag manner since early August. Currently, it is touching the lower band of ascending channel which acts as a strong support.
  • Provided that the share price continues to trade above the lower band of the ascending channel on Monday, its uptrend remains intact hence a reversal is expected.
  • Resistance levels are identified at RM0.725 (R1) and RM0.770 (R2).
  • On the flipside, support levels are pegged at RM0.670 (S1) and RM0.640 (S2).

Source: Rakuten Research - 4 Oct 2021

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

Post a Comment