Heitech Padu Bhd (HTPADU, 5028)

• Share price closed 10.0% higher at RM1.21 on Friday.

• HTPADU has just broken out higher from its short-term trend with higher volume and managed to close above its MA 20 & MA 50. The stock seems to have found its 52-week lowest price at RM1.52.

• Coupled with MACD bullish crossover and upticks in its indicators, share price is poised to move higher.

• Resistance levels are identified at RM1.27 (R1) and RM1.39 (R2).

• On the flipside, support levels are pegged at RM1.13 (S1) and RM1.03 (S2).

Source: Rakuten Research - 13 Dec 2021