Rakuten Trade Research Reports
Technical View - Infoline Tec Group Berhad
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Publish date: Fri, 02 Jun 2023, 08:49 AM
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All materials published here are prepared by Rakuten Trade. For latest offers on Rakuten Trade products and news, please refer to: https://www.rakutentrade.my/
To sign up for an account: http://bit.ly/40BNqKI
Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
Infoline Tec Group Berhad
- Share price closed 7.53% higher at RM0.785 on Thursday.
- INFOTEC broke out from its resistance level twice of RM0.755 and RM0.77 with improved buying volume yesterday. Coupled with bullish indicators showing uptick momentum, share price is expected to move higher.
- Resistance levels are identified at RM0.815 (R1) and RM0.90 (R2).
- On the flipside, support levels are pegged at RM0.725 (S1) and RM0.71 (S2).
Source: Rakuten Research - 2 Jun 2023
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