• REVENUE gained 4.7% or 6 sen to RM1.32 yesterday.
• Stock fell to an intra-day low of RM1.15 on heavy sell down before staging a strong rebound to close at the day’s high RM1.32 level. Yesterday’s movement indicated strong support and buying momentum; hence it is likely to re-test the next resistance level at RM1.41 level.
• As such, resistance levels are expected at RM1.41 (R1) and further to RM1.49 (R2).
• Conversely, downside support levels are expected at RM1.22 (S1) and RM1.12 (S2).
Source: Rakuten Research - 4 Feb 2020
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Hang1234
TRC move on
2020-02-05 21:48