Rakuten Trade Research Reports
Technical View - Bank Islam Malaysia Berhad
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Publish date: Thu, 29 Dec 2022, 01:05 PM
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- Share price closed 3.80% higher at RM2.73 on Wednesday.
- BIMB is on a short term uptrend accompanied by buying interests for the past 1 week. It broke out from is resistance level twice yesterday at RM2.68 and RM2.72 to close above all its key moving average lines. Coupled with bullish indicators, share price is expected to move higher.
- Resistance level is identified at RM2.82 (R1).
- On the flipside, support levels are pegged at RM2.56 (S1) and RM2.50 (S2).
Source: Rakuten Research - 29 Dec 2022
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