Rakuten Trade Research Reports
Technical View - Artroniq Bhd
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Publish date: Mon, 06 Dec 2021, 05:37 PM
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Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
Artroniq Bhd (ARTRONIQ, 0038)
• Share price closed 5.2% higher at RM0.505 on Thursday.
• ARTRONIQ has formed a rounding bottom since early August. We see a strong rebound from a low price on 26 Nov and 27 Nov with long lower shadow candlesticks.
• Backed by uptick in its indicators, the share price is poised to move higher.
• Resistance levels are identified at RM0.520 (R1) and RM0.565 (R2).
• On the flipside, support levels are pegged at RM0.455 (S1) and RM0.370 (S2).
Source: Rakuten Research - 6 Dec 2021
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