Texchem Resources Berhad (TEXCHEM, 8702)
• Share price closed 6.34% higher at RM2.85 on Thursday.
• TEXCHEM broke out from its resistance of RM2.805 yesterday and closed above its MA 20 line. With bullish MACD crossover and the indicators showing uptick movement, the share price is expected to move higher.
• Resistance levels are identified at RM2.89 (R1) and RM3.19 (R2).
• On the flipside, support levels are pegged at RM2.38 (S1) and RM2.04 (S2).
Source: Rakuten Research - 22 Jul 2022
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Created by rakutentrade | Mar 27, 2024
Created by rakutentrade | Mar 25, 2024