Rakuten Trade Research Reports

Technical View - PMB Technology Bhd

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Publish date: Thu, 27 Jul 2023, 09:27 AM
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PMB Technology Bhd (PMBTECH, 7172)

• Share price closed 0.78% higher at RM3.88 on Wednesday.

• PMBTECH has been retracing from the high of RM5.27 in mid of February over the past 5 months. Support was formed at RM3.75 and there was tendency for the share price to rebound at this level. Coupled with indicators showing uptick momentum, share price is expected to propel higher.

• Resistance levels are identified at RM4.28 (R1) and RM4.52 (R2).

• On the flipside, support levels are pegged at RM3.75 (S1) and RM3.68 (S2).

Source: Rakuten Research - 27 Jul 2023

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PMB Technology Bhd (PMBTECH, 7172)

Share price closed 0.78% higher at RM3.88 on Wednesday.

PMBTECH has been retracing from the high of RM5.27 in mid of February over the past 5 months. Support was formed at RM3.75 and there was tendency for the share price to rebound at this level. Coupled with indicators showing uptick momentum, share price is expected to propel higher.

Resistance levels are identified at RM4.28 (R1) and RM4.52 (R2).

On the flipside, support levels are pegged at RM3.75 (S1) and RM3.68 (S2).

2023-07-28 10:00

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