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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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
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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