Rakuten Trade Research Reports
Technical View - Ipmuda Bhd
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Publish date: Wed, 15 Dec 2021, 12:49 PM
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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
Ipmuda Bhd (IPMUDA, 5673)
• Share price closed 1.1% higher at RM1.80 on Tuesday.
• IPMUDA is trading in an uptrend channel which shows higher lows since end of November. It is also currently trading above all its key moving averages which are trending upwards.
• Coupled with MACD bullish crossover and upticks in its indicators, share price is poised to continue the uptrend movement.
• Resistance levels are identified at RM1.94 (R1) and RM2.16 (R2).
• On the flipside, support levels are pegged at RM1.69 (S1) and RM1.55 (S2).
Source: Rakuten Research - 15 Dec 2021
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