Rakuten Trade Research Reports
Technical View - Fiamma Holdings Bhd
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Publish date: Fri, 10 Feb 2023, 10:39 AM
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Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
Fiamma Holdings Bhd (FIAMMA, 6939)
• Share closed 2.89% higher at RM1.07 on Thursday.
• FIAMMA broke out from its resistance level at RM1.04 with decent buying volume. It has been on a long-term uptrend and trending above its MA 200 line. Coupled with indicators showing uptick momentum, share price is expected to move higher.
• Resistance levels are identified at RM1.07 (R1) and RM1.11 (R2).
• On the flipside, support levels are pegged at RM0.99 (S1) and RM0.90 (S2).
Source: Rakuten Research - 10 Feb 2023
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