Rakuten Trade Research Reports
Technical View - Innature Bhd
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Publish date: Thu, 17 Nov 2022, 09:09 AM
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Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
Innature Bhd (INNATURE, 5295)
• Share price closed 1.88% higher at RM0.54 on Wednesday.
• INNATURE share price has been hovering within the RM0.51 to RM0.54 levels with low trading volume. Share price broke out from is resistance level at RM0.54 yesterday but only for a brief moment. However, buying interest was seen and MACD has crossover. As indicators are showing bullish signals, share price is expected to trend higher.
• Resistance levels are identified at RM0.54 (R1) and RM0.595 (R2).
• On the flipside, support levels are pegged at RM0.505 (S1) and RM0.495 (S2).
Source: Rakuten Research - 17 Nov 2022
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