Rakuten Trade Research Reports
Technical View - MY E.G Services Berhad
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Publish date: Mon, 08 Aug 2022, 10:44 AM
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To sign up for an account: http://bit.ly/40BNqKI
Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
MY E.G Services Berhad (MYEG, 0138)
• Share price closed 4.5% higher at RM0.81 on Friday.
• MYEG rebounded from its higher low formed at RM0.755. It closed with bullish engulfing candlestick and broke out from its resistance level of RM0.795. Its indicators are showing uptick momentum, therefore share price is expected to move higher.
• Resistance levels are identified at RM0.82 (R1) and RM0.905 (R2).
• On the flipside, support levels are pegged at RM0.74 (S1) and RM0.73 (S2).
Source: Rakuten Research - 8 Aug 2022
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