Rakuten Trade Research Reports
Technical View - MY E.G Services Berhad
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Publish date: Wed, 14 Dec 2022, 11:03 AM
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To sign up for an account: http://bit.ly/40BNqKI
Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
MY E.G Services Berhad (MYEG, 0138)
• Share price closed 1.69% higher at RM0.90 on Tuesday.
• MYEG has formed a higher low on 12 December. The green Inverted hammer was shown yesterday indicating a desired bullish reversal pattern. Coupled with indicators showing uptick momentum, the share price is expected to propel higher.
• Resistance levels are identified at RM0.955 (R1) and RM0.965 (R2).
• On the flipside, support levels are pegged at RM0.87 (S1) and RM0.825 (S2).
Source: Rakuten Research - 14 Dec 2022
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