PGF Capital Berhad (PGF, 8117)

• Share price closed 2.94% higher at RM1.05 on Thursday.

• PGF broke its resistance level at RM1.02 yesterday. It managed to close above all its key moving average lines. Coupled with indicators showing uptick movement and bullish MACD crossover, the share price is expected to move higher.

• Resistance levels are identified at RM1.05 (R1) and RM1.09 (R2).

• On the flipside, support levels are pegged at RM0.96 (S1) and RM0.945 (S2).

Source: Rakuten Research - 15 Jul 2022