Rakuten Trade Research Reports
Technical View - Ajiya Berhad
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Publish date: Mon, 09 Jan 2023, 02:29 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 5% higher at RM1.68 on Friday.
• AJIYA broke out from its resistance of RM1.62 with decent buying interests. It is still on an uptrend as it is trading above all key moving average A bullish MACD crossover will soon happen coupled with indicators showing uptick momentum, share price is expected to move higher.
• Resistance levels are identified at RM1.77 (R1) and RM1.79 (R2).
• On the flipside, support levels are pegged at RM1.55 (S1) and RM1.51 (S2).
Source: Rakuten Research - 9 Jan 2023
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