Rakuten Trade Research Reports

Technical View - Optimax Holdings Berhad

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Publish date: Tue, 23 Aug 2022, 12:32 PM
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Optimax Holdings Berhad (OPTIMAX, 0222)

• Share price closed 2.4% higher at RM0.645 on Monday.

• OPTIMAX has announced its +126% y-o-y increase in its 2QFY22 net profit. Buying interest was extremely strong yesterday with bullish MACD crossover formed. The indicators are also showing uptick momentum, therefore share price is expected to propel higher.

• Resistance levels are identified at RM0.655 (R1) and RM0.69 (R2).

• On the flipside, support levels are pegged at RM0.605 (S1) and RM0.595 (S2).

Source: Rakuten Research - 23 Aug 2022

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