Optimax Holdings Berhad (OPTIMAX, 0222)
• Share price closed 4.76% higher at RM0.77 on Tuesday.
• OPTIMAX has rebounded from its lower low formed on 27 November. It formed a white marubozu candlestick yesterday to close above its key moving average lines. Coupled with MACD crossover and bullish indicators, share price is expected to trend higher.
• Resistance levels are identified at RM0.795 (R1) and RM0.805 (R2).
• On the flipside, support levels are pegged at RM0.695 (S1) and RM0.68 (S2).
Source: Rakuten Research - 30 Nov 2022
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Created by rakutentrade | Aug 23, 2024