Rakuten Trade Research Reports

Technical View - Bonia Corporation Bhd

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Publish date: Wed, 11 May 2022, 05:14 PM
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Bonia Corporation Bhd (BONIA, 9288)

• Share price closed 2.6% higher at RM2.38 on Tuesday.

• BONIA is trading on an uptrend line since March. Its share price is also trading above all its key moving averages.

• As current price has fallen onto its support line, its share price is expected to move higher.

• Resistance levels are identified at RM2.44 (R1) and RM2.53 (R2).

• On the flipside, support levels are pegged at RM2.27 (S1) and RM2.09 (S2).

Source: Rakuten Research - 11 May 2022

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