Rakuten Trade Research Reports
Technical View - Oppstar Bhd
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Publish date: Tue, 14 Nov 2023, 08:56 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
Oppstar Bhd
- OPPSTAR is poised for a potential bullish breakout from its two-month rectangular pattern, targeting the immediate resistance at RM1.65. As the 20-day and 50-day EMAs are converging and likely to confirm a bullish crossover, a positive outlook can be expected anytime soon.
- In the event it breaks above the RM1.65 neckline, this will improve the underlying sentiment and lift the stock towards the subsequent level of RM1.75 (R1), follow by RM1.88 (R2).
- On the downside, stop-loss is set at RM1.49.
Source: Rakuten Research - 14 Nov 2023
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