Rakuten Trade Research Reports
Technical View - RGT Berhad
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Publish date: Mon, 05 Dec 2022, 11:58 AM
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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
RGT Berhad (RGTBHD, 9954)
• Share price closed 1.20% higher at RM0.42 on Friday.
• RGTBHD has been on a short-term uptrend since hitting the lower levels in July to September. It had also recently rebounded from its higher low formed at RM0.37 and currently trading above all its key moving average lines. Coupled with MACD crossover and bullish indicators, share price is expected to trend higher.
• Resistance levels are identified at RM0.44 (R1) and RM0.455 (R2).
• On the flipside, support levels are pegged at RM0.37 (S1) and RM0.365 (S2).
Source: Rakuten Research - 5 Dec 2022
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