Rubberex Corporation (M) Bhd (RUBEREX, 7803)
• Share price closed 6.3% higher at RM0.76 on Monday.
• RUBEREX broke out from its consolidation phase yesterday. Its share price has also managed to trade above all its key moving averages.
• Coupled with upticks in its RSI indicator, its share price is expected to move higher and MACD is expected to turn bullish.
• Resistance levels are identified at RM0.780 (R1) and RM0.850 (R2).
• On the flipside, support levels are pegged at RM0.720 (S1) and RM0.670 (S2).
Source: Rakuten Research - 24 May 2022
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Created by rakutentrade | Mar 27, 2024
Created by rakutentrade | Mar 25, 2024