Rakuten Trade Research Reports
Technical View - Cocoaland Holdings Bhd
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Publish date: Fri, 07 Jan 2022, 12:17 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
Cocoaland Holdings Bhd (COCOLND, 7205)
• Share price closed 4.7% higher at RM1.12 on Thursday.
• COCOLND experienced higher buying interest to form a three-white-soldier candlestick yesterday. It also broke out from its cup and handle pattern yesterday and closed above all key moving averages.
• According to its MACD indicator, its MA line is crossing above its signal line to form bullish MACD histogram. Backed by the upticks in its indicators, COCOLND is poised to move higher.
• Resistance levels are identified at RM1.15 (R1) and RM1.23 (R2).
• On the flipside, support levels are pegged at RM1.07 (S1) and RM1.02 (S2).
Source: Rakuten Research - 7 Jan 2022
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