Rakuten Trade Research Reports

Technical View - Datasonic Group Berhad

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Publish date: Mon, 26 Sep 2022, 10:06 AM
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Datasonic Group Berhad (DSONIC, 5216)

• Share price closed 5.37% higher at RM0.49 on Friday.

• Despite the weak market sentiment last Friday, DSONIC managed to break out from its resistance level twice at RM0.475 and RM0.48 supported by higher buying interests. Coupled with indicators showing uptick movement, share price is expected to trend higher.

• Resistance levels are identified at RM0.49 (R1) and RM0.53 (R2).

• On the flipside, support levels are pegged at RM0.455 (S1) and RM0.45 (S2).

Source: Rakuten Research - 26 Sept 2022

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