• GENM closed unchanged at RM2.75 yesterday.
• We believe share price has fallen into the oversold region by the signals from key technical indicators. Thus, we believe current level is a good accumulation opportunity and we expect a rebound towards RM3.00 level.
• As such, resistance levels are expected at RM3.00 (R1) and further to RM3.30 (R2).
• On the contrary, support levels are identified at RM2.60 (S1) and RM2.45 (S2).
Source: Rakuten Research - 6 Mar 2020
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Created by rakutentrade | Nov 05, 2024
michaeso
Can it reach 1.80
2020-03-07 10:59