Rakuten Trade Research Reports
Technical View - Revenue Group Bhd
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Publish date: Thu, 14 Apr 2022, 03:44 PM
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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
Revenue Group Bhd (REVENUE, 0200)
• Share price closed 5.0% higher at RM1.46 on Wednesday.
• REVENUE is trading on its support which are formed by higher lows since early March. It was showing first day of rebound yesterday and formed a morning star candlestick signalling downtrend reversal.
• Coupled with its uptick in RSI, its share price is poised to continue its rebounding trend.
• Resistance levels are identified at RM1.50 (R1) and RM1.60 (R2).
• On the flipside, support levels are pegged at RM1.39 (S1) and RM1.32 (S2).
Source: Rakuten Research - 14 Apr 2022
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