Rakuten Trade Research Reports

Technical View - Kobay Technology Berhad

rakutentrade
Publish date: Fri, 02 Dec 2022, 11:55 AM
rakutentrade
0 1,849
An official blog in I3investor to publish research reports provided by Rakuten Trade research team.

All materials published here are prepared by Rakuten Trade. For latest offers on Rakuten Trade products and news, please refer to: https://www.rakutentrade.my/

To sign up for an account: http://bit.ly/40BNqKI

Rakuten Trade

Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my

Kobay Technology Berhad (KOBAY, 6971)

• Share price closed 8.98% higher at RM2.91 on Thursday.

• KOBAY broke out from its resistance level of RM2.84 yesterday with improved buying interests. It also closed above its MA 20 and MA 50 lines indicating sustained rebound from its low of RM2.60. Coupled with MACD crossover and bullish indicators, share price is expected to trend higher.

• Resistance levels are identified at RM3.03 (R1) and RM3.12 (R2).

• On the flipside, support levels are pegged at RM2.60 (S1) and RM2.56 (S2).

Source: Rakuten Research - 2 Dec 2022

Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment