Rakuten Trade Research Reports

Technical View - Pestech International Bhd

rakutentrade
Publish date: Wed, 09 Feb 2022, 11:06 AM
rakutentrade
0 1,843
An official blog in I3investor to publish research reports provided by Rakuten Trade research team.

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

Pestech International Bhd (PESTECH, 5219)

• Share price closed 6.2% higher at RM0.775 on Tuesday.

• PESTECH broke out on high volume from its midterm downtrend and form a Green Marubozu candlestick yesterday. We also noticed a MACD bullish crossover indicating potential continuation of rebound.

• Backed by upticks in its indicators and buying momentum, PESTECH is poised to move higher.

• Resistance levels are identified at RM0.830 (R1) and RM0.870 (R2).

• On the flipside, support levels are pegged at RM0.760 (S1) and RM0.710 (S2).

Source: Rakuten Research - 9 Feb 2022

Related Stocks
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment