Revenue Group Berhad (REVENUE, 0200)

• Share price closed 2.59% higher at RM0.99 on Friday.

• REVENUE broke its resistance level at RM0.97 with low volume and closed above its MA50 line on Friday. Share price has been in a consolidation mode hence a mild rebound is anticipated. As the indicators showed an uptick momentum, share price is expected to go higher.

• Resistance levels are identified at RM1.01 (R1) and RM1.07 (R2).

• On the flipside, support levels are pegged at RM0.925 (S1) and RM0.91 (S2).

Source: Rakuten Research - 29 Aug 2022