Pappajack Bhd (PPJACK, 0242)
- Share price closed 5.74% higher at RM0.645 on Thursday.
- PPJACK broke out from its resistance levels of RM0.62 and RM0.63 yesterday with higher buying volume. Bullish MACD crossover and indicators are showing uptick momentum, share price is expected to move higher.
- Resistance level is identified at RM0.65 (R1).
- On the flipside, support levels are pegged at RM0.60 (S1) and RM0.585 (S2).
Source: Rakuten Research - 16 Jun 2023
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