Catcha Digital Berhad (CATCHA, 0173)

• Share price closed 1.75% higher at RM0.29 on Wednesday.

• CATCHA has been trading at a consolidation mode over the past 1 month. It has formed a supportat RM0.235/RM0.24 which it rebounded twice after touching these support levels on improved volume. Coupled with bullish MACD crossover and indicators showing uptick momentum, share price is expected to move higher.

• Resistance levels are identified at RM0.315 (R1) and RM0.345 (R2).

• On the flipside, support levels are pegged at RM0.24 (S1) and RM0.235 (S2).

Source: Rakuten Research - 13 Apr 2023

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