Rakuten Trade Research Reports

Technical View - Notion Vtec Bhd

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Publish date: Wed, 12 Jun 2024, 10:45 AM
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Notion Vtec Bhd (NOTION, 0083)

  • NOTION may extend it upward trajectory after surging to a new all-time high yesterday. In view ofthe stock posted 3 consecutive white candles coupled with the 20-days EMA pointing upwards, it may see additional strength in the coming sessions.
  • We expect the rising momentum to steer the stock higher and test the next level of resistance ofRM1.75 (R1), followed by RM1.85 (R2).
  • On the downside, stop-loss is set at RM1.39, below 7 June’s low.

Source: Rakuten Research - 12 Jun 2024

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