Fiamma Holdings Bhd (FIAMMA, 6939)

• Share price closed 4.0% higher at RM0.655 yesterday.
• FIAMMA recently broke out from its consolidation phase with relatively higher volume. Currently, FIAMMA is trading above all its key moving averages.
• There is a MACD golden cross indicating a buy signal. Backed by uptick in its RSI indicator, FIAMMA is poised to move higher.
• Resistance levels are identified at RM0.680 (R1) and RM0.730 (R2).
• On the flipside, support levels are pegged at RM0.630 (S1) and RM0.610 (S2).

Source: Rakuten Research - 7 Oct 2021