SMTrack Bhd (SMTRACK, 0169)
• Share price closed 2.1% higher at RM0.24 on Monday.
• SMTRACK started to rebound from its support level which are formed by higher lows from Dec 2021. The share price is also currently trading above all its key moving averages.
• Backed by upticks in its indicators, SMTRACK is poised to continue moving higher from its support level.
• Resistance levels are identified at RM0.255 (R1) and RM0.310 (R2).
• On the flipside, support levels are pegged at RM0.220 (S1) and RM0.195 (S2).
Source: Rakuten Research - 1 Mar 2022
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Created by rakutentrade | Aug 23, 2024