Rakuten Trade Research Reports

Technical View - P.I.E. Industrial Bhd

rakutentrade
Publish date: Mon, 20 Jun 2022, 12:33 PM
rakutentrade
0 1,044
An official blog in I3investor to publish research reports provided by Rakuten Trade research team.

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/

Rakuten Trade

Hotline: 1800 88 6011 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my

P.I.E. Industrial Bhd (PIE, 7095)

• Share price closed 0.66% higher at RM3.07 on Friday.

• PIE share price has formed a few higher lows since March signalling the beginning of an uptrend. Last Friday, there is a long lower shadow candlestick which indicates strong support when it hit lower price. It also managed to close above its MA20 & MA20 last Friday.

• Backed by its strong quarter earnings and uptrend movement, its share price is expected to move higher.

• Resistance levels are identified at RM3.27 (R1) and RM3.40 (R2).

• On the flipside, support levels are pegged at RM3.03 (S1) and RM2.93 (S2).

Source: Rakuten Research - 20 Jun 2022

Related Stocks
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment