Rakuten Trade Research Reports
Technical View - Pestech International Berhad
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Publish date: Tue, 09 Aug 2022, 10:46 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
Pestech International Berhad (PESTECH, 5219)
• Share price closed 3.57% higher at RM0.435 on Monday.
• PESTECH share price has been in consolidation mode with low volume and buying interest appeared in July after it hit low of RM0.36. Its indicators are showing uptick momentum, therefore share price is expected to move higher.
• Resistance levels are identified at RM0.435 (R1) and RM0.46 (R2).
• On the flipside, support levels are pegged at RM0.39 (S1) and RM0.36 (S2).
Source: Rakuten Research - 9 Aug 2022
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