Rakuten Trade Research Reports
Technical View - Malayan Cement Bhd
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Publish date: Mon, 13 Mar 2023, 09:41 AM
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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
Malayan Cement Bhd
- Share price closed 1.73% higher at RM2.35 on Friday.
- MCEMENT has found its support at RM2.25 and has rebounded mildly. Despite the weak market last Friday, MCEMENT still managed to attract some buying interest. Coupled with indicators showing uptick momentum, share price is expected to go higher.
- Resistance levels are identified at RM2.59 (R1) and RM2.70 (R2).
- On the flipside, support levels are pegged at RM2.25 (S1) and RM2.22 (S2).
Source: Rakuten Research - 13 Mar 2023
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