Awanbiru Technology Bhd

• Share price closed 11.3% higher at RM0.395 on Friday.

• AWANTEC broke out from its resistance levels twice last Friday at RM0.36 and RN0.375 respectively. Buying interest was seen for the past 3 trading days and surged significantly last Friday. Coupled with indicators showing uptick momentum, share price is expected to move higher.

• Resistance levels are identified at RM0.385 (R1) and RM0.395 (R2).

• On the flipside, support levels are pegged at RM0.325 (S1) and RM0.32 (S2).

Source: Rakuten Research - 6 Mar 2023

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