Rakuten Trade Research Reports

Technical View - SWS Capital Berhad

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Publish date: Thu, 01 Dec 2022, 11:51 AM
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SWS Capital Berhad (SWSCAP, 7186)

• Share price closed 5.66% higher at RM0.28 on Wednesday.

• SWSCAP has rebounded from its lower low formed on 21 November. It formed a white marubozu candlestick on 24 November to close above its MA 20 and MA 50 lines. Coupled with MACD crossover and bullish indicators, share price is expected to trend higher.

• Resistance levels are identified at RM0.31 (R1) and RM0.315 (R2).

• On the flipside, support levels are pegged at RM0.245 (S1) and RM0.235 (S2).

Source: Rakuten Research - 1 Dec 2022

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