Rakuten Trade Research Reports

Technical View - Tanco Holdings Bhd

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Publish date: Mon, 20 Feb 2023, 11:04 AM
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  • Share closed 1.14% higher at RM0.445 on Friday.
  • TANCO has been trending upwards since early February with active trading volume. It went into a slight correction recently. Nonetheless buying interest returned last Friday indicating the retracement might be over. Coupled with bullish signals, share price is expected to move higher.
  • Resistance levels are identified at RM0.48 (R1) and RM0.63 (R2).
  • On the flipside, support levels are pegged at RM0.395 (S1) and RM0.39 (S2).

Source: Rakuten Research - 20 Feb 2023

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