Rakuten Trade Research Reports
Technical View - Revenue Group Berhad
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Publish date: Mon, 29 Aug 2022, 12:35 PM
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Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
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
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