HeiTech Padu Bhd (HTPADU, 5028)

• Share price closed 16.7% higher at RM1.19 on Monday.

• HTPADU broke out above its upper Bollinger Band yesterday with higher trading volume. We also noticed high trading volume at last trading hour yesterday.

• With its high trading volatility, we expect high trading activities in HTPADU. Provided its share price maintain above its current level, the share price is poised to continue its upside momentum ahead.

• Resistance levels are identified at RM1.22 (R1) and RM1.39 (R2).

• On the flipside, support levels are pegged at RM1.13 (S1) and RM0.955 (S2).

Source: Rakuten Research - 29 Mar 2022