Rakuten Trade Research Reports
Technical View - Bermaz Auto Berhad
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Publish date: Thu, 14 Jul 2022, 10:03 AM
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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
Bermaz Auto Berhad (BAUTO, 5248)
• Share price closed 2.89% higher at RM1.78 on Wednesday.
• BAUTO broke its resistance level at RM1.75 yesterday. It managed to close above all its key moving average lines. Coupled with indicators showing uptick movement, the share price is expected to move higher.
• Resistance levels are identified at RM1.82 (R1) and RM1.88 (R2).
• On the flipside, support levels are pegged at RM1.70 (S1) and RM1.68 (S2).
Source: Rakuten Research - 14 Jul 2022
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