Rakuten Trade Research Reports

Technical View - Ajiya Bhd

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Publish date: Mon, 24 Jan 2022, 11:53 AM
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Ajiya Bhd (AJIYA, 7609)

• Share price closed 5.4% higher at RM1.18 on Friday.

• AJIYA has formed a morning doji star pattern on the last 3 trading days and closed above all its key moving averages.

• Backed by upticks in its indicators and uptrend movement, AJIYA is poised to move higher.

• Resistance levels are identified at RM1.19 (R1) and RM1.30 (R2).

• On the flipside, support levels are pegged at RM1.12 (S1) and RM0.975 (S2).

Source: Rakuten Research - 24 Jan 2022

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