Rakuten Trade Research Reports
Technical View - Sunzen Biotech Bhd
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Publish date: Tue, 14 Jun 2022, 12:37 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
Sunzen Biotech Bhd (SUNZEN, 0148)
• Share price closed 2% higher at RM0.25 on Monday.
• SUNZEN share price traded above the neckline of its rounding bottom formation with higher volume yesterday. It is also trading above all its key moving averages.
• Backed by upticks in its indicators, its share price is expected to move higher if prevailing momentum persists.
• Resistance levels are identified at RM0.255 (R1) and RM0.275 (R2).
• On the flipside, support levels are pegged at RM0.250 (S1) and RM0.230 (S2).
Source: Rakuten Research - 14 Jun 2022
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