Rakuten Trade Research Reports
Technical View - Ramssol Group Berhad
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Publish date: Mon, 12 Dec 2022, 10:59 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
Ramssol Group Berhad (RAMSSOL, 0236)
• Share price closed 2.5% higher at RM 0.41 on Friday.
• RAMSSOL shares price has been on a consolidation phase hovering below its MA 20 line. However, a mild rebound was seen with significant buying interest last Friday. Share price is now above its MA 20 and MA 50 lines. Coupled with indicators showing uptick momentum, the share price is expected to propel higher.
• Resistance levels are identified at RM0.415 (R1) and RM0.42 (R2).
• On the flipside, support levels are pegged at RM0.37 (S1) and RM0.36 (S2).
Source: Rakuten Research - 12 Dec 2022
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