Rakuten Trade Research Reports
Technical View - Innature Berhad
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Publish date: Fri, 09 Sep 2022, 09:33 AM
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Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
Innature Berhad (INNATURE, 5295)
• Share price closed 5.5% higher at RM0.575 on Thursday.
• INNATURE broke out from its resistance level yesterday at RM0.56 with buying interest over the past 2 trading days. The share price also closed above its MA 20 and MA 50 lines. Coupled with indicators showing uptick momentum, share price is expected to move higher.
• Resistance levels are identified at RM0.57 (R1) and RM0.58 (R2).
• On the flipside, support levels are pegged at RM0.525 (S1) and RM0.50 (S2).
Source: Rakuten Research - 9 Sept 2022
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