Rakuten Trade Research Reports
Technical View - Revenue Group Berhad
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Publish date: Fri, 23 Dec 2022, 12:58 PM
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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
- Share price closed 3.65% higher at RM0.71 on Thursday.
- Revenue broke out from its resistance level at RM0.685 yesterday with high buying volume. It had formed a higher low at RM0.68 and managed to close above its MA 20 line. With indicators showing uptick momentum, the share price is expected to propel higher.
- Resistance levels are identified at RM0.74 (R1) and RM0.765 (R2).
- On the flipside, support levels are pegged at RM0.64 (S1) and RM0.63 (S2).
Source: Rakuten Research - 23 Dec 2022
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