Betamek Bhd

• Share price closed 4.30% higher at RM0.485 on Thursday.

• BETA entered into a consolidation mode after touching a YTD high of RM0.67, with support level found at RM0.45. It broke out from its resistance of RM0.48 with a spike in buying volume yesterday, in tandem with the takeover news flow of SIME and UMW within the auto sector. Coupled with bullish MACD crossover, share price is expected to propel higher.

• Resistance level are identified at RM0.485 (R1) and RM0.505 (R2).

• On the flipside, support levels are pegged at RM0.45 (S1) and 0.445 (S2).

Source: Rakuten Research - 25 Aug 2023

To sign up for an account : http://bit.ly/40BNqKI

[Youtube Tutorial] Account Opening & Enable Foreign Equity:http://bit.ly/3I5Jzxo