Pappajack Bhd (PPJACK, 0242)

• Share closed 2.75% higher at RM0.56 on Tuesday.

• PPJACK broke out from its resistance level of RM0.55 yesterday. Minimal buying interest was seen for the past 3 session after share price touched its support level of RM0.515. Nonetheless, as indicators showing uptick momentum, share price is expected to move higher.

• Resistance levels are identified at RM0.57 (R1) and RM0.595 (R2).

• On the flipside, support levels are pegged at RM0.515 (S1) and RM0.505 (S2).

Source: Rakuten Research - 15 Feb 2023

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