Rakuten Trade Research Reports

Technical View - Fajarbaru Builder Group Bhd

rakutentrade
Publish date: Thu, 18 Jul 2024, 09:28 AM
rakutentrade
0 2,157
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

Fajarbaru Builder Group Bhd

  • FAJAR is on the verge of a potential bullish breakout from its U-shaped recovery pattern, aiming to surpass the immediate resistance at RM0.545. As the stock formed a long white marubozu candlestick yesterday, coupled with the supportive technical indicators in the RSI and the improving EMAs further suggest a likelihood of a technical breakout.
  • In the event if it breaks above the RM0.545 neckline, this will improve market interest and lift the stock towards the subsequent level of RM0.57 (R1), followed by RM0.62 (R2).
  • On the downside, stop-loss is set at RM0.46, below 25 June low.

Source: Rakuten Research - 18 Jul 2024

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

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

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

Post a Comment