Rakuten Trade Research Reports

Technical View - Signature International Berhad

Publish date: Tue, 26 Jul 2022, 10:04 AM
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Signature International Berhad (SIGN, 7246)

• Share price closed 7.9% higher at RM1.36 on Monday.

• SIGN broke out from its resistance of RM1.32 today and formed white marubozu candlestick. It is also currently trading above all the key moving average lines. As the indicators are showing uptick movement, the share price is expected to move higher.

• Resistance levels are identified at RM1.40 (R1) and RM1.47 (R2).

• On the flipside, support levels are pegged at RM1.19 (S1) and RM1.17 (S2).

Source: Rakuten Research - 26 Jul 2022

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