Rakuten Trade Research Reports
Technical View - Bonia Corporation Berhad
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Publish date: Thu, 27 Oct 2022, 06:18 PM
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Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
Bonia Corporation Berhad (BONIA, 9288)
• Share price closed 2.26% higher at RM1.81 on Wednesday.
• BONIA seems to find its support at RM1.71 and it is currently rebounding with decent buying interest. Coupled with a bullish MACD crossover and its indicators showing uptick momentum, the share price is expected to trend higher.
• Resistance levels are identified at RM1.85 (R1) and RM1.94 (R2).
• On the flipside, support levels are pegged at RM1.71 (R1) and RM1.53 (R2).
Source: Rakuten Research - 27 Oct 2022
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