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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