Hextar Industries Berhad (HEXIND, 0161)

• Share price closed 5.83% higher at RM0.635 on Monday.

• HEXIND broke out from its resistance of RM0.63 yesterday with strong buying interests. It is now 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 RM0.63 (R1) and RM0.69 (R2).

• On the flipside, support levels are pegged at RM0.58 (S1) and RM0.52 (S2).

Source: Rakuten Research - 6 Dec 2022