Datasonic Group Bhd (DSONIC, 5216)
• Share price closed 4.4% higher at RM0.590 on Wednesday.
• DSONIC was breaking out from its consolidation with higher trading volume yesterday. 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 RM0.600 (R1) and RM0.630 (R2).
• On the flipside, support levels are pegged at RM0.570 (S1) and RM0.550 (S2).
Source: Rakuten Research - 19 May 2022
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