Coraza Integrated Technology Berhad

• Share price closed 1.95% higher at RM0.785 on Thursday.

• CORAZA broke out from its resistance level of RM0.775 yesterday with solid buying interest. Coupled with a bullish MACD and indicators showing uptick momentum, share price is expected to move higher.

• Resistance levels are identified at RM0.785 (R1) and RM0.795 (R2).

• On the flipside, support levels are pegged at RM0.75 (S1) and RM0.74 (S2).

Source: Rakuten Research - 14 Jul 2023

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