Rakuten Trade Research Reports
Technical View - Malaysian Genomics Resource Centre Bhd
rakutentrade
Publish date: Wed, 16 Feb 2022, 11:07 AM
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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
Malaysian Genomics Resource Centre Bhd (MGRC, 0155)
• Share price closed 13.6% higher at RM1.34 on Tuesday.
• MGRC has just broken out from its triangle and resistance level. It also started to close above its MA20 & MA50 yesterday. We also noticed a bullish signal from its MACD indicator.
• Backed by upticks in its indicators plus breakout of resistance, MGRC is poised to move higher.
• Resistance levels are identified at RM1.53 (R1) and RM1.65 (R2).
• On the flipside, support levels are pegged at RM1.27 (S1) and RM1.17 (S2).
Source: Rakuten Research - 16 Feb 2022
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