7-Eleven Malaysia Holdings Bhd

• Share price closed 9.19% higher at RM2.02 on Monday.

• SEM broke out from its resistance level of RM1.99 yesterday with some buying interest despite the weak market sentiment. Coupled with indicators showing uptick momentum, share price is expected to go higher.

• Resistance levels are identified at RM2.10 (R1) and RM2.45 (R2).

• On the flipside, support levels are pegged at RM1.75 (S1) and RM1.73 (S2).

Source: Rakuten Research - 14 Mar 2023

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