Hextar Global Bhd (HEXTAR, 5151)

• Share price closed 4.6% higher at RM1.59 on Friday.

• HEXTAR has broken out from its cup and handle formation on Friday to close above its MA 50 for the first time after the price weakness.

• Coupled with upticks in its indicators and bullish signal in MACD, we anticipate the share price to continue its rebounding trend.

• Resistance levels are identified at RM1.69 (R1) and RM1.85 (R2).

• On the flipside, support levels are pegged at RM1.54 (S1) and RM1.38 (S2).

Source: Rakuten Research - 28 Mar 2022