Rakuten Trade Research Reports
Technical View - Hwa Tai Industries Bhd
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Publish date: Thu, 09 Jun 2022, 05:55 PM
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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
Hwa Tai Industries Bhd (HWATAI, 8478)
• Share price closed 5.7% higher at RM0.645 on Wednesday.
• HWATAI is staging a rounding bottom and formed White Marubozu candlestick with higher volume yesterday. It started to trade above both its MA20 and MA50 since yesterday.
• Coupled with upticks in its indicators & MACD bullish crossover, share price is expected to continue with its upside momentum.
• Resistance levels are identified at RM0.660 (R1) and RM0.750 (R2).
• On the flipside, support levels are pegged at RM0.620 (S1) and RM0.595 (S2).
Source: Rakuten Research - 9 Jun 2022
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