Hextar Global Berhad (HEXTAR, 5151)

• Share price closed 2.24% higher at RM0.685 on Wednesday.

• HEXTAR share price has been in correction since hitting the high of RM0.76 in April and formed a  support at RM0.64. Strong buying interest was seen for the past 2 trading days before breaking its  resistance level of RM0.673 yesterday. Coupled with bullish MACD crossover and indicators showing  uptick momentum, share price is expected to move higher.

• Resistance levels are identified at RM0.0.705 (R1) and RM0.753 (R2).

• On the flipside, support levels are pegged at RM0.643 (S1) and RM0.635 (S2).

Source: Rakuten Research - 18 May 2023

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