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