Rakuten Trade Research Reports

Technical View - Deleum Bhd

Publish date: Mon, 10 Jun 2024, 11:10 AM
0 1,959
An official blog in I3investor to publish research reports provided by Rakuten Trade research team.

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

Deleum Bhd (DELEUM, 5132)

  • DELEUM is back on the radar after breaking out from its three-week bullish flag pattern with a longwhite candle two sessions ago. In view of the stock bouncing off the 20-day EMA with its third consecutive white candles, a positive outlook is expected in the near term. Additionally, both the 20- day EMA and RSI indicators are pointing upward, further enhancing the bullish momentum.
  • We expect the rising momentum to steer the stock higher and test the next level of resistance ofRM1.51 (R1), followed by RM1.60 (R2).
  • On the downside, stop-loss is set at RM1.27, below the 4 June’s low.

Source: Rakuten Research - 10 Jun 2024

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

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

Related Stocks
Be the first to like this. Showing 0 of 0 comments

Post a Comment