Fiamma Holdings Berhad (FIAMMA, 6939)
• Share price closed 3.96% higher at RM1.05 on Monday.
• FIAMMA has formed a cup and handle pattern and broke out from its resistance level of RM1.04 yesterday. Buying interest was relatively high as share price closed above all key moving average lines. As the indicators are showing uptick momentum, the share price is expected to trend higher.
• Resistance levels are identified at RM1.07 (R1) and RM1.15 (R2).
• On the flipside, support levels are pegged at RM0.90 (R1) and RM0.855 (R2).
Source: Rakuten Research - 1 Nov 2022
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Created by rakutentrade | Nov 22, 2024