Rakuten Trade Research Reports
Technical View - Mycron Steel Bhd
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Publish date: Tue, 17 May 2022, 10:55 AM
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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
Mycron Steel Bhd (MYCRON, 5087)
• Share price closed 9.6% higher at RM0.745 on Friday.
• MYCRON is trading up and formed a White Marubozu candlestick with higher trading volume last Friday. Its share price is also trading above all its key moving averages.
• Coupled with upticks in its indicators, its share price is expected to move higher.
• Resistance levels are identified at RM0.765 (R1) and RM0.840 (R2).
• On the flipside, support levels are pegged at RM0.690 (S1) and RM0.655 (S2).
Source: Rakuten Research - 17 May 2022
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