Rakuten Trade Research Reports
Technical View - Salutica Bhd
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Publish date: Fri, 08 Oct 2021, 10:21 AM
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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
Salutica Bhd (SALUTE, 0183)
- Share price closed 6.77% higher at RM0.710 yesterday.
- SALUTE traded higher with relatively higher volume and formed a bullish engulfing pattern. Its MA50 seems to be a strong support as it trended higher along its MA50 since mid of Sept.
- Currently, SALUTE is trading above all its key moving averages.
- Resistance levels are identified at RM0.735 (R1) and RM0.765 (R2).
- On the flipside, support levels are pegged at RM0.665 (S1) and RM0.610 (S2).
Source: Rakuten Research - 8 Oct 2021
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