Rakuten Trade Research Reports
Technical View - Resintech Berhad
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Publish date: Fri, 23 Sep 2022, 10:05 AM
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To sign up for an account: http://bit.ly/40BNqKI
Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
Resintech Berhad (RESINTC, 7232)
• Share price closed 9.09% higher at RM0.54 on Thursday.
• RESINTC broke out from its resistance level of RM0.51 and closed with a white marubozu candlestick. With a bullish MACD crossover and indicators showing uptick movement, share price is expected to move higher.
• Resistance levels are identified at RM0.545 (R1) and RM0.555 (R2).
• On the flipside, support levels are pegged at RM0.49 (S1) and RM0.48 (S2).
Source: Rakuten Research - 23 Sept 2022
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