Pavilion Real Estate Inv Trust (PAVREIT, 5212)

• Share price closed 0.77% higher at RM1.31 on Friday.

• Share price has been hovering between RM1.28 and RM1.39 since reaching its 52-week peak ofRM1.45 in February. Decent buying interests were observed in the last two trading days before breaking its resistance at RM1.30. Coupled with indicators that are showing uptick momentum, share price is expected to propel higher.

• Resistance levels are identified at RM1.37 (R1) and RM1.39 (R2).

• On the flipside, support levels are pegged at RM1.27 (S1) and RM1.25 (S2).

Source: Rakuten Research - 22 May 2023

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