Rakuten Trade Research Reports

Technical View - Opcom Holdings Berhad

rakutentrade
Publish date: Wed, 21 Sep 2022, 09:59 AM
rakutentrade
0 2,160
An official blog in I3investor to publish research reports provided by Rakuten Trade research team.

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

Opcom Holdings Berhad (OPCOM, 0035)

• Share price closed 4.37% higher at RM0.835 on Tuesday.

• OPCOM is pending a breakout from its consolidation phase. It also had high buying volume yesterday post its announcement on the proposed RM90m acquisition of telco network infrastructure provider. With a bullish MACD crossover and indicators showing uptick movement, share price is expected to move higher.

• Resistance levels are identified at RM0.84 (R1) and RM0.865 (R2).

• On the flipside, support levels are pegged at RM0.77 (S1) and RM0.71 (S2).

Source: Rakuten Research - 21 Sept 2022

Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment