Rakuten Trade Research Reports
Technical View - Innature Berhad
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Publish date: Fri, 25 Nov 2022, 09:21 AM
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Email: customerservice@rakutentrade.my
Innature Berhad (INNATURE, 5295)
• Share price closed 3.81% higher at RM0.545 on Thursday.
• INNATURE has a white marubozu candlestick yesterday with low trading volume and is now hovering above its MA 20 line, pending a breakout of its MA 50 line. Coupled with MACD crossover and bullish indicators, share price is expected to trend higher.
• Resistance levels are identified at RM0.56 (R1) and RM0.595 (R2).
• On the flipside, support levels are pegged at RM0.51 (S1) and RM0.50 (S2).
Source: Rakuten Research - 25 Nov 2022
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