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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Created by rakutentrade | Aug 23, 2024