![](/pub/blog/bl24/fiamma_20211008101729.png)
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).
![](/pub/blog/bl24/fiaamm_20211008101734.png)
Source: Rakuten Research - 7 Oct 2021