Rakuten Trade Research Reports
Technical View - Texchem Resources Bhd
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Publish date: Tue, 21 Dec 2021, 12:07 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
Texchem Resources Bhd (TEXCHEM, 8702)
• Share price closed 5.1% higher at RM1.04 on Monday.
• TEXCHEM was having Green Marubozu candles for the past two trading days with relatively higher trading volume. It is also trading above all its key moving averages.
• Coupled with upticks in its indicators and MACD bullish crossover, share price is poised to move higher.
• Resistance levels are identified at RM1.07 (R1) and RM1.18 (R2).
• On the flipside, support levels are pegged at RM0.990 (S1) and RM0.860 (S2).
Source: Rakuten Research - 21 Dec 2021
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