Tasco Bhd (TASCO, 5140)
• Share price closed 1.8% higher at RM1.16 on Tuesday.
• TASCO is breaking up above its cup and handle formation yesterday and closed above all its key moving averages recently. It is also having first day of Bollinger Band breakout yesterday.
• Coupled with its bullish signal in MACD and upticks in its indicators, its share price is poised to move higher.
• Resistance levels are identified at RM1.20 (R1) and RM1.24 (R2).
• On the flipside, support levels are pegged at RM1.09 (S1) and RM1.03 (S2).
Source: Rakuten Research - 15 Apr 2022
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Created by rakutentrade | Apr 24, 2024