Datasonic Group Bhd (DSONIC, 5216)

• Share price closed unchanged at RM0.43 on Monday.

• DSONIC finally rebounded from its support level of RM0.415 despite trading volume is seen to berather thin recently. Nevertheless, indicators are showing uptick momentum, therefore share price might go higher.

• Resistance levels are identified at RM0.44 (R1) and RM0.45 (R2).

• On the flipside, support levels are pegged at RM0.415 (S1) and RM0.41 (S2).

Source: Rakuten Research - 23 May 2023

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