Classic Scenic Berhad

• Share price closed 1.70% higher at RM0.90 on Friday.

• CSCENIC found it support at RM0.863 and buying interest was seen near its support level over the past 2 weeks. Coupled with a bullish MACD crossover and indicators showing uptick momentum, share price is expected to rebound further.

• Resistance levels are identified at RM0.90 (R1) and RM0.99 (R2).

• On the flipside, support levels are pegged at RM0.863 (S1) and RM0.83 (S2).

Source: Rakuten Research - 3 Apr 2023

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