Rakuten Trade Research Reports
Technical View - Nestcon Bhd
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Publish date: Wed, 05 Jan 2022, 12:09 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/
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Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
Nestcon Bhd (Nestcon, 0235)
• Share price closed 6.41% higher at RM0.415 on Tuesday.
• Nestcon has been in a consolidation mode since end November 2021 but showed a breakout yesterday to close higher with strong buying volume.
• Backed by the upticks in its indicators, Nestcon is poised to move higher.
• Resistance levels are identified at RM0.435 (R1) and RM0.47 (R2).
• On the flipside, support levels are pegged at RM0.365 (S1) and RM0.35 (S2).
Source: Rakuten Research - 5 Jan 2022
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