Resintech Bhd (RESINTC, 7232)
• Share price closed 9.0% lower at RM0.91 on Monday.
• RESINTC has fallen onto its MA50 and its long-term uptrend line which can be seen as its support level. Its moving averages are swinging upwards.
• Coupled with uptick in its indicator and long-term uptrend, we anticipate the share price to rebound from its support level soon.
• Resistance levels are identified at RM0.96 (R1) and RM1.07 (R2).
• On the flipside, support levels are pegged at RM0.885 (S1) and RM0.80 (S2).
Source: Rakuten Research - 8 Mar 2022
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Created by rakutentrade | Aug 23, 2024