Rakuten Trade Research Reports
Technical View - My E.G Services Berhad
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Publish date: Tue, 03 Jan 2023, 01:08 PM
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Rakuten Trade
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Email: customerservice@rakutentrade.my
• Share price closed 0.58% higher at RM0.87 on Friday.
• MYEG is enjoying a short-term uptrend and it has been hovering along the MA lines pending a breakout. If it maintains above all the MA lines, long term uptrend is to be intact. Coupled with indicators showing uptick momentum, share price is expected to move higher.
• Resistance levels are identified at RM0.92 (R1) and RM0.955 (R2).
• On the flipside, support levels are pegged at RM0.84 (S1) and RM0.825 (S2).
Source: Rakuten Research - 3 Jan 2023
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